Texas Permanent School Fund Sells 16,021 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Texas Permanent School Fund reduced its stake in Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 252,936 shares of the pipeline company’s stock after selling 16,021 shares during the quarter. Texas Permanent School Fund’s holdings in Kinder Morgan were worth $4,783,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Kinder Morgan by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 35,733,418 shares of the pipeline company’s stock worth $565,217,000 after purchasing an additional 1,517,490 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Kinder Morgan by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,804,236 shares of the pipeline company’s stock worth $440,975,000 after buying an additional 1,063,447 shares in the last quarter. Invesco Ltd. increased its stake in Kinder Morgan by 3.4% in the 4th quarter. Invesco Ltd. now owns 16,188,024 shares of the pipeline company’s stock worth $256,742,000 after buying an additional 532,527 shares in the last quarter. Norges Bank purchased a new stake in Kinder Morgan in the 4th quarter worth $243,159,000. Finally, Dimensional Fund Advisors LP increased its stake in Kinder Morgan by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,948,480 shares of the pipeline company’s stock worth $189,492,000 after buying an additional 169,874 shares in the last quarter. 58.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KMI shares. Mizuho increased their price target on Kinder Morgan from $21.00 to $22.00 in a research note on Thursday, April 21st. Wells Fargo & Company cut their price target on Kinder Morgan to $20.00 and set an “equal weight” rating for the company in a research note on Friday, May 20th. UBS Group increased their price target on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Wolfe Research lowered Kinder Morgan from a “peer perform” rating to an “underperform” rating and increased their price target for the stock from $17.00 to $18.00 in a research note on Monday, April 11th. Finally, Barclays cut their price target on Kinder Morgan from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.14.

Kinder Morgan Trading Up 1.0 %

KMI opened at $17.47 on Friday. The firm has a market cap of $39.36 billion, a P/E ratio of 16.33, a P/E/G ratio of 4.81 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $15.01 and a 12 month high of $20.20. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average of $17.66 and a 200 day moving average of $18.06.

Kinder Morgan (NYSE:KMIGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm’s revenue was up 63.5% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.2 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $1.11 annualized dividend and a dividend yield of 6.35%. Kinder Morgan’s payout ratio is 103.74%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 3,000 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the transaction, the vice president now owns 28,719 shares of the company’s stock, valued at approximately $516,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinder Morgan news, VP John W. Schlosser sold 3,000 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the transaction, the vice president now owns 28,719 shares of the company’s stock, valued at approximately $516,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $19.21, for a total value of $28,815.00. Following the completion of the transaction, the vice president now directly owns 31,719 shares in the company, valued at approximately $609,321.99. The disclosure for this sale can be found here. 14.22% of the stock is owned by corporate insiders.

About Kinder Morgan

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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

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