Westwood Holdings Group Inc. Has $183.79 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Westwood Holdings Group Inc. has increased its stake in Kinder Morgan by 14.1%, now holding approximately $183.79 million worth of shares, making it the 8th largest position in their portfolio.
• Multiple institutional investors have also boosted their stakes in Kinder Morgan, with Northern Trust Corp. increasing theirs by 8.3% and Deutsche Bank AG raising it by 16.8% during the previous quarter.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, yielding 4.1%, and reported a 13.2% increase in revenue year-over-year for the last quarter.

Westwood Holdings Group Inc. lifted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 14.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,442,093 shares of the pipeline company's stock after purchasing an additional 794,388 shares during the period. Kinder Morgan comprises about 1.4% of Westwood Holdings Group Inc.'s investment portfolio, making the stock its 8th largest position. Westwood Holdings Group Inc. owned 0.29% of Kinder Morgan worth $183,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of Kinder Morgan by 8.3% during the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after acquiring an additional 1,608,499 shares in the last quarter. Deutsche Bank AG increased its holdings in Kinder Morgan by 16.8% during the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock worth $403,101,000 after purchasing an additional 2,116,576 shares during the period. Kayne Anderson Capital Advisors LP raised its position 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 valued at $307,741,000 after purchasing an additional 553,395 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Kinder Morgan by 22.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,195,545 shares of the pipeline company's stock worth $224,556,000 after buying an additional 1,512,083 shares during the period. Finally, Castle Hook Partners LP grew its position in shares of Kinder Morgan by 4.5% during the 4th quarter. Castle Hook Partners LP now owns 7,953,656 shares of the pipeline company's stock worth $217,930,000 after buying an additional 341,749 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. TD Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $31.13.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $28.25 on Tuesday. The company has a 50 day moving average price of $27.97 and a 200 day moving average price of $27.51. The firm has a market capitalization of $62.77 billion, a P/E ratio of 23.16, a PEG ratio of 3.54 and a beta of 0.78. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 52 week low of $19.68 and a 52 week 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. The firm 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 company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

Insider Buying and Selling

In related news, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer owned 159,428 shares in the company, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company's 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 completion of the transaction, the president owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,549 shares of company stock valued at $3,406,090 in the last three months. 12.73% of the stock is currently owned by insiders.

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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