Landscape Capital Management L.L.C. Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Landscape Capital Management L.L.C. raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 46.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,392 shares of the pipeline company’s stock after buying an additional 10,857 shares during the period. Landscape Capital Management L.L.C.’s holdings in Kinder Morgan were worth $760,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KMI. Dimensional Fund Advisors LP increased its stake in shares of Kinder Morgan by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after purchasing an additional 257,658 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in Kinder Morgan by 0.7% during the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock valued at $233,050,000 after purchasing an additional 69,307 shares during the period. First Pacific Advisors LP increased its position in Kinder Morgan by 2.0% in the second quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company’s stock worth $162,913,000 after buying an additional 163,294 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Kinder Morgan by 20.6% in the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after buying an additional 1,328,082 shares during the period. Finally, Berkley W R Corp lifted its position in shares of Kinder Morgan by 15.1% during the 1st quarter. Berkley W R Corp now owns 7,625,000 shares of the pipeline company’s stock valued at $139,842,000 after buying an additional 1,000,000 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Down 0.2 %

KMI stock opened at $28.49 on Friday. The firm has a fifty day moving average price of $24.56 and a 200 day moving average price of $21.82. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.81. The firm has a market cap of $63.29 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 4.11 and a beta of 0.91. 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 (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.04%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insider Transactions at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KMI. UBS Group increased their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Wells Fargo & Company boosted their price objective on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Barclays lifted their target price on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.36.

About Kinder Morgan

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.