O Shaughnessy Asset Management LLC Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

O Shaughnessy Asset Management LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 151.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 340,955 shares of the pipeline company’s stock after buying an additional 205,551 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Kinder Morgan were worth $6,253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Rockport Wealth LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter worth about $342,000. Covestor Ltd lifted its position in shares of Kinder Morgan by 41.4% during the 1st quarter. Covestor Ltd now owns 4,084 shares of the pipeline company’s stock worth $75,000 after buying an additional 1,196 shares during the last quarter. Peak Asset Management LLC lifted its position in shares of Kinder Morgan by 1.1% during the 1st quarter. Peak Asset Management LLC now owns 130,579 shares of the pipeline company’s stock worth $2,395,000 after buying an additional 1,384 shares during the last quarter. Catalytic Wealth RIA LLC grew its position in shares of Kinder Morgan by 4.7% in the 1st quarter. Catalytic Wealth RIA LLC now owns 58,503 shares of the pipeline company’s stock valued at $1,073,000 after buying an additional 2,644 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Kinder Morgan by 245.0% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 118,613 shares of the pipeline company’s stock valued at $2,175,000 after buying an additional 84,236 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KMI. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. UBS Group upped their target price on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Scotiabank raised their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $21.86.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.57 during mid-day trading on Wednesday, reaching $21.05. The stock had a trading volume of 20,131,211 shares, compared to its average volume of 14,161,683. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.38 and a current ratio of 0.37. The business has a 50 day simple moving average of $19.87 and a 200 day simple moving average of $18.55. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $21.86. The firm has a market capitalization of $46.72 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.26 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.46%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

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.