Kinder Morgan, Inc. (NYSE:KMI) Holdings Decreased by Financial Engines Advisors L.L.C.

Key Points

• Financial Engines Advisors L.L.C. reduced its holdings in Kinder Morgan by 9.1%, now owning 238,517 shares valued at approximately $6.8 million.
• Kinder Morgan reported earnings of $0.28 per share, meeting analyst expectations, and revenue of $4.04 billion, exceeding forecasts.
• The company announced a quarterly dividend of $0.2925 per share, resulting in a dividend yield of 4.4% with a payout ratio of 95.90%.

Financial Engines Advisors L.L.C. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 238,517 shares of the pipeline company's stock after selling 23,795 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Kinder Morgan were worth $6,805,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock valued at $5,824,367,000 after purchasing an additional 1,302,794 shares in the last quarter. Northern Trust Corp lifted its holdings in Kinder Morgan by 8.3% during the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after buying an additional 1,608,499 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after buying an additional 5,529,065 shares during the last quarter. Deutsche Bank AG lifted its holdings in Kinder Morgan by 2.0% during the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock worth $428,018,000 after buying an additional 290,653 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its holdings in Kinder Morgan by 5.4% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock worth $307,741,000 after buying an additional 553,395 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on KMI. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Scotiabank increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. Wells Fargo & Company upped their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Barclays reiterated an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.20.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.01 during mid-day trading on Thursday, hitting $26.86. 14,968,687 shares of the company's stock traded hands, compared to its average volume of 14,661,724. The firm has a 50 day moving average price of $27.80 and a 200 day moving average price of $27.38. 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 company has a market cap of $59.69 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.34 and a beta of 0.78. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's payout ratio is currently 95.90%.

Insider Buying and Selling

In related news, Director Amy W. Chronis bought 2,759 shares of the business's stock in a transaction dated Monday, July 28th. The shares were bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,842 shares of company stock worth $3,896,180. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Profile

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.