Engineers Gate Manager LP Trims Position in Kinder Morgan Inc (KMI)

Engineers Gate Manager LP lowered its position in shares of Kinder Morgan Inc (NYSE:KMI) by 53.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,478 shares of the pipeline company’s stock after selling 68,812 shares during the period. Engineers Gate Manager LP’s holdings in Kinder Morgan were worth $1,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of KMI. Commonwealth Bank of Australia grew its position in Kinder Morgan by 45.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock worth $378,101,000 after acquiring an additional 6,205,165 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Kinder Morgan by 133.5% during the 2nd quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock worth $157,311,000 after buying an additional 4,694,441 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kinder Morgan by 22.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock worth $228,029,000 after buying an additional 2,217,905 shares during the period. Mackenzie Financial Corp lifted its holdings in Kinder Morgan by 307.5% during the 3rd quarter. Mackenzie Financial Corp now owns 2,881,569 shares of the pipeline company’s stock worth $55,268,000 after buying an additional 2,174,518 shares during the period. Finally, Maple Brown Abbott Ltd lifted its holdings in Kinder Morgan by 63.3% during the 2nd quarter. Maple Brown Abbott Ltd now owns 4,410,476 shares of the pipeline company’s stock worth $84,505,000 after buying an additional 1,710,000 shares during the period. Institutional investors and hedge funds own 60.88% of the company’s stock.

In other news, VP Thomas A. Martin bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 13.99% of the company’s stock.

KMI has been the topic of several recent research reports. BidaskClub downgraded Kinder Morgan from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Stifel Nicolaus set a $25.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Kinder Morgan in a report on Tuesday, September 5th. Finally, BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Kinder Morgan has a consensus rating of “Hold” and an average price target of $22.97.

Shares of Kinder Morgan Inc (NYSE KMI) traded up $0.09 during trading hours on Wednesday, hitting $17.84. The stock had a trading volume of 3,650,367 shares, compared to its average volume of 11,624,194. The firm has a market cap of $40,108.99, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. Kinder Morgan Inc has a 12 month low of $16.68 and a 12 month high of $23.01.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) EPS. research analysts predict that Kinder Morgan Inc will post 0.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s payout ratio is 89.29%.

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Kinder Morgan Company Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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