Dimensional Fund Advisors LP Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Dimensional Fund Advisors LP grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,904,252 shares of the pipeline company’s stock after acquiring an additional 257,658 shares during the period. Dimensional Fund Advisors LP owned 0.76% of Kinder Morgan worth $335,891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. True Wealth Design LLC raised its holdings in Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,389 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan in the first quarter worth about $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the first quarter worth about $31,000. OFI Invest Asset Management purchased a new position in shares of Kinder Morgan during the 1st quarter valued at about $31,000. Finally, AlphaMark Advisors LLC grew its stake in shares of Kinder Morgan by 92.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock valued at $38,000 after acquiring an additional 925 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.6 %

KMI stock opened at $21.47 on Tuesday. The firm has a fifty day moving average price of $21.04 and a 200 day moving average price of $19.63. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $21.86. The firm has a market cap of $47.65 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Insider Activity

In related news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on KMI shares. Barclays raised their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, July 19th. Scotiabank boosted their price objective on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Finally, Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price for the company in a research report on Monday. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and an average price target of $22.55.

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.