Kinder Morgan, Inc. (NYSE:KMI) Holdings Boosted by Scotia Capital Inc.

Key Points

• Scotia Capital Inc. raised its stake in Kinder Morgan by 37.4% during the first quarter, owning 121,608 shares worth approximately $3.47 million.
• Multiple hedge funds have increased their holdings in Kinder Morgan, with Burney Co. and AdvisorNet Financial Inc. boosting their positions significantly by 133.5% and 402.5% respectively in the same quarter.
• Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis, totaling $4.04 billion, while the company reported earnings per share matching the consensus estimate at $0.28.

Scotia Capital Inc. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 37.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,608 shares of the pipeline company's stock after purchasing an additional 33,105 shares during the quarter. Scotia Capital Inc.'s holdings in Kinder Morgan were worth $3,469,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bridgewealth Advisory Group LLC acquired a new position in Kinder Morgan during the fourth quarter valued at $377,000. Burney Co. increased its holdings in shares of Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after purchasing an additional 252,736 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Kinder Morgan by 402.5% in the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock worth $1,124,000 after purchasing an additional 31,553 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Kinder Morgan by 16.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 389,588 shares of the pipeline company's stock worth $10,675,000 after purchasing an additional 56,147 shares during the period. Finally, Siemens Fonds Invest GmbH grew its position in Kinder Morgan by 127.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 27,978 shares of the pipeline company's stock valued at $767,000 after purchasing an additional 15,662 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on KMI. Royal Bank Of Canada increased their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Scotiabank raised their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Stifel Nicolaus increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Finally, Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.13.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the transaction, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,549 shares of company stock worth $3,406,090 over the last ninety days. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

KMI opened at $28.25 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock's 50 day moving average price is $27.97 and its two-hundred day moving average price is $27.51. The firm has a market capitalization of $62.77 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 3.54 and a beta of 0.78. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company posted $0.26 earnings per share. Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.1%. Kinder Morgan's dividend payout ratio is currently 95.90%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.

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