Partners Group Holding AG Sells 15,784 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Partners Group Holding AG reduced its stake in Kinder Morgan by 7.4%, owning 198,843 shares, worth approximately $5.67 million after selling 15,784 shares.
• Kinder Morgan reported $4.04 billion in revenue for the last quarter, surpassing analysts' expectations of $3.75 billion, with earnings meeting consensus estimates at $0.28 EPS.
• The company announced a quarterly dividend of $0.2925, yielding 4.4%, with an insider ownership rate of 12.73% after substantial sales by executives.

Partners Group Holding AG lowered its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,843 shares of the pipeline company's stock after selling 15,784 shares during the quarter. Partners Group Holding AG's holdings in Kinder Morgan were worth $5,673,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC lifted its position in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after acquiring an additional 788 shares during the period. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. Finally, JNBA Financial Advisors lifted its position in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares during the period. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Down 0.6%

NYSE KMI opened at $26.69 on Friday. The stock has a fifty day moving average of $27.74 and a 200-day moving average of $27.37. The stock has a market capitalization of $59.31 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. Kinder Morgan, Inc. has a 52 week low of $20.56 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Insider Buying and Selling

In other news, VP Sital K. Mody sold 45,549 shares of Kinder Morgan 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 159,428 shares of the company's stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 139,842 shares of company stock worth $3,896,180. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on KMI shares. Wells Fargo & Company raised their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Barclays restated an "overweight" rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 target price for the company. Finally, Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating for the company. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average target price of $31.20.

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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