Cortland Advisers LLC Decreases Stake in Kinder Morgan, Inc. (KMI)

Cortland Advisers LLC lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,861,832 shares of the pipeline company’s stock after selling 248,260 shares during the quarter. Kinder Morgan makes up about 7.8% of Cortland Advisers LLC’s investment portfolio, making the stock its largest position. Cortland Advisers LLC owned 0.40% of Kinder Morgan worth $169,970,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Heritage Trust Co boosted its stake in Kinder Morgan by 457.7% in the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after buying an additional 4,302 shares in the last quarter. Welch Investments LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at $102,000. Fiduciary Trust Co. acquired a new stake in Kinder Morgan in the 2nd quarter valued at $115,000. Acrospire Investment Management LLC boosted its stake in Kinder Morgan by 30.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock valued at $131,000 after buying an additional 1,600 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Kinder Morgan by 14.0% in the 2nd quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after buying an additional 819 shares in the last quarter. 60.87% of the stock is currently owned by institutional investors.

Kinder Morgan, Inc. (NYSE:KMI) opened at $17.41 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. The company has a market capitalization of $38,880.71, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62. Kinder Morgan, Inc. has a one year low of $16.68 and a one year high of $23.01.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Monday, October 30th. Kinder Morgan’s dividend payout ratio is currently 89.29%.

Several analysts recently commented on the company. Stifel Nicolaus decreased their price target on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Mizuho reaffirmed a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a research note on Friday, October 20th. Zacks Investment Research raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. SunTrust Banks set a $23.00 price target on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Goldman Sachs Group lowered Kinder Morgan from a “buy” rating to a “neutral” rating and boosted their price target for the company from $18.81 to $22.00 in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.97.

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About Kinder Morgan

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.

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

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