Dynamic Technology Lab Private Ltd Sells 22,615 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Dynamic Technology Lab Private Ltd trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 38.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,309 shares of the pipeline company’s stock after selling 22,615 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Kinder Morgan were worth $802,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Duquesne Family Office LLC grew its holdings in Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after buying an additional 2,872,665 shares in the last quarter. International Assets Investment Management LLC grew its stake in Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after acquiring an additional 2,053,612 shares in the last quarter. Marshall Wace LLP grew its stake in Kinder Morgan by 20.6% during the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after acquiring an additional 1,328,082 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Kinder Morgan by 35.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,550,331 shares of the pipeline company’s stock worth $90,415,000 after acquiring an additional 1,187,200 shares during the period. Finally, Caxton Associates LP purchased a new stake in Kinder Morgan in the 2nd quarter worth approximately $20,575,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $28.07 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.81. The company has a fifty day moving average of $24.95 and a 200-day moving average of $22.01. The stock has a market capitalization of $62.36 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 4.01 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. Equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.10%. Kinder Morgan’s payout ratio is 100.88%.

Analysts Set New Price Targets

KMI has been the topic of several research analyst reports. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. Barclays lifted their price target on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, UBS Group lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $25.67.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.81% of the company’s stock.

Kinder Morgan 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.