Macquarie Group Ltd. Trims Holdings in Kinder Morgan Inc (KMI)

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Macquarie Group Ltd. reduced its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 9.4% in the third quarter, Holdings Channel reports. The institutional investor owned 6,341,796 shares of the pipeline company’s stock after selling 656,858 shares during the period. Macquarie Group Ltd.’s holdings in Kinder Morgan were worth $102,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Franklin Resources Inc. boosted its position in shares of Kinder Morgan by 8.3% during the third quarter. Franklin Resources Inc. now owns 52,113,563 shares of the pipeline company’s stock worth $923,972,000 after acquiring an additional 3,976,516 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Kinder Morgan by 21.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 18,647,482 shares of the pipeline company’s stock worth $330,620,000 after buying an additional 3,314,778 shares during the period. Dimensional Fund Advisors LP increased its stake in Kinder Morgan by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,483,633 shares of the pipeline company’s stock worth $273,561,000 after buying an additional 322,787 shares during the period. Brookfield Asset Management Inc. increased its stake in Kinder Morgan by 54.8% in the 3rd quarter. Brookfield Asset Management Inc. now owns 14,514,249 shares of the pipeline company’s stock worth $257,338,000 after buying an additional 5,140,790 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its stake in Kinder Morgan by 5.6% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 12,232,929 shares of the pipeline company’s stock worth $216,877,000 after buying an additional 650,164 shares during the period. 61.48% of the stock is owned by institutional investors and hedge funds.

In other news, insider Richard D. Kinder purchased 500,000 shares of the stock in a transaction dated Thursday, September 27th. The shares were acquired at an average cost of $17.55 per share, for a total transaction of $8,775,000.00. Following the acquisition, the insider now owns 235,212,353 shares of the company’s stock, valued at $4,127,976,795.15. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.16% of the stock is currently owned by company insiders.

Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Mizuho assumed coverage on shares of Kinder Morgan in a research note on Wednesday, November 28th. They issued a “buy” rating and a $22.00 price target on the stock. Wolfe Research downgraded shares of Kinder Morgan from a “market perform” rating to an “underperform” rating in a research note on Monday, November 26th. Credit Suisse Group assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 11th. They issued an “outperform” rating and a $23.00 price target on the stock. Finally, Goldman Sachs Group assumed coverage on shares of Kinder Morgan in a research note on Monday, October 8th. They issued a “conviction-buy” rating and a $24.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Kinder Morgan currently has an average rating of “Buy” and a consensus target price of $20.94.

NYSE KMI opened at $15.53 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 1.00. The stock has a market cap of $34.94 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 2.14 and a beta of 0.69. Kinder Morgan Inc has a one year low of $14.69 and a one year high of $19.83.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Kinder Morgan had a net margin of 0.78% and a return on equity of 5.51%. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period last year, the business earned $0.15 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that Kinder Morgan Inc will post 0.87 EPS for the current year.

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About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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