Quantbot Technologies LP Has $3.51 Million Holdings in Kinder Morgan, Inc. $KMI

Quantbot Technologies LP lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 73.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,823 shares of the pipeline company’s stock after selling 337,799 shares during the quarter. Quantbot Technologies LP’s holdings in Kinder Morgan were worth $3,505,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KMI. Norges Bank acquired a new position in shares of Kinder Morgan during the 2nd quarter worth about $1,162,802,000. Merewether Investment Management LP acquired a new stake in shares of Kinder Morgan in the second quarter valued at about $138,477,000. 59 North Capital Management LP raised its holdings in Kinder Morgan by 54.5% during the second quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock worth $311,563,000 after acquiring an additional 3,739,398 shares in the last quarter. Marshall Wace LLP boosted its position in Kinder Morgan by 364.8% during the second quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock valued at $122,461,000 after purchasing an additional 3,269,284 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after purchasing an additional 3,070,609 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.8%

KMI opened at $33.87 on Tuesday. The stock’s fifty day simple moving average is $29.64 and its 200 day simple moving average is $27.95. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $34.13. The stock has a market cap of $75.34 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 2.74 and a beta of 0.68. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were paid a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s dividend payout ratio is 85.40%.

Analyst Ratings Changes

Several research firms have weighed in on KMI. Mizuho lowered their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. UBS Group reissued a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Morgan Stanley reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada boosted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $32.54.

Insider Activity at Kinder Morgan

In other news, Director William A. Smith acquired 3,000 shares of Kinder Morgan stock in a transaction dated Monday, February 2nd. The stock was bought at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the acquisition, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. The trade was a 10.68% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $30.09, for a total value of $185,534.94. Following the completion of the transaction, the vice president directly owned 195,038 shares in the company, valued at $5,868,693.42. The trade was a 3.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 46,498 shares of company stock valued at $1,382,115. 12.73% of the stock is currently owned by insiders.

Kinder Morgan 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.