Illinois Municipal Retirement Fund Trims Stake in Kinder Morgan, Inc. $KMI

Illinois Municipal Retirement Fund lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 565,872 shares of the pipeline company’s stock after selling 110,765 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kinder Morgan were worth $16,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV boosted its stake in shares of Kinder Morgan by 14.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after buying an additional 357 shares during the last quarter. L.M. Kohn & Company grew its position in Kinder Morgan by 3.4% in the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock valued at $322,000 after acquiring an additional 360 shares during the last quarter. Golden State Equity Partners grew its stake in Kinder Morgan by 2.2% in the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after acquiring an additional 368 shares in the last quarter. Fiduciary Financial Group LLC raised its holdings in shares of Kinder Morgan by 2.6% in the third quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock valued at $437,000 after acquiring an additional 392 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its holdings in Kinder Morgan by 2.8% during the second quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock worth $425,000 after buying an additional 393 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 0.8%

Kinder Morgan stock opened at $31.72 on Friday. The stock’s fifty day moving average is $28.22 and its two-hundred day moving average is $27.50. The stock has a market cap of $70.56 billion, a PE ratio of 23.15, a P/E/G ratio of 2.59 and a beta of 0.70. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a $0.2925 dividend. The ex-dividend date is Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.7%. Kinder Morgan’s payout ratio is currently 85.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KMI. UBS Group restated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. TD Cowen lifted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Mizuho cut their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Finally, Royal Bank Of Canada lifted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $30.09, for a total transaction of $185,534.94. Following the completion of the sale, the vice president owned 195,038 shares in the company, valued at approximately $5,868,693.42. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William A. Smith purchased 3,000 shares of Kinder Morgan stock in a transaction on Monday, February 2nd. The shares were acquired at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the purchase, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 38,498 shares of company stock valued at $1,126,515 over the last quarter. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.