Tortoise Capital Advisors L.L.C. Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Tortoise Capital Advisors L.L.C. reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 21.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 10,754,052 shares of the pipeline company’s stock after selling 2,963,758 shares during the period. Kinder Morgan accounts for about 2.8% of Tortoise Capital Advisors L.L.C.’s portfolio, making the stock its 12th biggest position. Tortoise Capital Advisors L.L.C.’s holdings in Kinder Morgan were worth $213,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Gilbert & Cook Inc. raised its stake in Kinder Morgan by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 31,525 shares of the pipeline company’s stock valued at $556,000 after buying an additional 682 shares during the last quarter. Natixis Advisors L.P. boosted its stake in Kinder Morgan by 15.1% in the 4th quarter. Natixis Advisors L.P. now owns 377,138 shares of the pipeline company’s stock worth $6,652,000 after purchasing an additional 49,586 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Kinder Morgan by 408.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 51,666 shares of the pipeline company’s stock worth $911,000 after purchasing an additional 41,509 shares during the last quarter. SCP Investment LP purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $413,000. Finally, Principal Securities Inc. purchased a new position in shares of Kinder Morgan in the fourth quarter worth $340,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 in the last three months. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

KMI opened at $21.13 on Friday. The firm has a fifty day moving average price of $20.89 and a 200 day moving average price of $19.43. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $21.86. The stock has a market cap of $46.90 billion, a P/E ratio of 19.21, a P/E/G ratio of 3.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same quarter last year, the company posted $0.24 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KMI shares. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Royal Bank of Canada boosted their price target on Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Friday, July 19th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

Kinder Morgan Company 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.