Gotham Asset Management LLC Increases Stock Holdings in Kinder Morgan, Inc. $KMI

Gotham Asset Management LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 987,049 shares of the pipeline company’s stock after purchasing an additional 36,679 shares during the quarter. Gotham Asset Management LLC’s holdings in Kinder Morgan were worth $27,943,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KMI. Norges Bank bought a new position in Kinder Morgan during the second quarter valued at $1,162,802,000. AQR Capital Management LLC lifted its holdings in shares of Kinder Morgan by 431.9% in the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after acquiring an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP purchased a new position in shares of Kinder Morgan during the 2nd quarter worth about $138,477,000. 59 North Capital Management LP grew its holdings in Kinder Morgan by 54.5% during the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock valued at $311,563,000 after purchasing an additional 3,739,398 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Kinder Morgan by 364.8% in the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock worth $122,461,000 after purchasing an additional 3,269,284 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Royal Bank Of Canada increased their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. TD Cowen raised their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Scotiabank increased their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.38.

Kinder Morgan Price Performance

KMI opened at $33.33 on Tuesday. The company has a market capitalization of $74.14 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.08 and a beta of 0.68. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $34.24. The business’s fifty day simple moving average is $30.84 and its 200-day simple moving average is $28.43.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.5%. Kinder Morgan’s payout ratio is currently 85.40%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total transaction of $207,609.22. Following the transaction, the vice president directly owned 188,872 shares of the company’s stock, valued at $6,359,320.24. This trade represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William A. Smith acquired 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average cost of $29.75 per share, with a total value of $89,250.00. Following the purchase, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. This represents a 10.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 46,498 shares of company stock worth $1,418,248 over the last quarter. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.