Oxbow Advisors LLC Raises Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Oxbow Advisors LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 455,859 shares of the pipeline company’s stock after purchasing an additional 1,190 shares during the quarter. Kinder Morgan makes up 1.1% of Oxbow Advisors LLC’s holdings, making the stock its 24th biggest holding. Oxbow Advisors LLC’s holdings in Kinder Morgan were worth $9,058,000 as of its most recent filing with the SEC.

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

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.35 during midday trading on Friday, hitting $21.13. The company had a trading volume of 11,478,546 shares, compared to its average volume of 13,919,089. The firm has a market capitalization of $46.90 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $21.86. The business has a 50-day simple moving average of $20.89 and a two-hundred day simple moving average of $19.43. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90.

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

Kinder Morgan Dividend Announcement

The company also recently declared 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 was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. UBS Group lifted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Barclays lifted their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated 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 directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock valued at $3,121,891 in the last 90 days. 12.64% of the stock is currently owned by insiders.

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.