Biechele Royce Advisors Reduces Position in Kinder Morgan Inc (KMI)

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Biechele Royce Advisors lowered its stake in Kinder Morgan Inc (NYSE:KMI) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,912 shares of the pipeline company’s stock after selling 6,408 shares during the quarter. Kinder Morgan accounts for 1.1% of Biechele Royce Advisors’ portfolio, making the stock its 28th largest position. Biechele Royce Advisors’ holdings in Kinder Morgan were worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Cadence Capital Management LLC boosted its stake in shares of Kinder Morgan by 2.5% during the 3rd quarter. Cadence Capital Management LLC now owns 509,272 shares of the pipeline company’s stock worth $9,029,000 after acquiring an additional 12,214 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Kinder Morgan by 4.2% during the 3rd quarter. Prudential Financial Inc. now owns 2,388,206 shares of the pipeline company’s stock worth $42,343,000 after acquiring an additional 95,410 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Kinder Morgan by 12.6% during the 3rd quarter. Wesbanco Bank Inc. now owns 36,495 shares of the pipeline company’s stock worth $647,000 after acquiring an additional 4,077 shares during the last quarter. First Manhattan Co. boosted its stake in shares of Kinder Morgan by 14.1% during the 4th quarter. First Manhattan Co. now owns 142,412 shares of the pipeline company’s stock worth $2,190,000 after acquiring an additional 17,574 shares during the last quarter. Finally, Old Port Advisors purchased a new position in shares of Kinder Morgan during the 4th quarter worth $426,000. Institutional investors own 61.17% of the company’s stock.

Shares of KMI stock opened at $18.27 on Tuesday. The firm has a market cap of $39.64 billion, a PE ratio of 20.53, a PEG ratio of 2.41 and a beta of 0.89. Kinder Morgan Inc has a one year low of $14.62 and a one year high of $18.67. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.98 and a current ratio of 0.76.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.21 EPS. On average, equities analysts forecast that Kinder Morgan Inc will post 1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, January 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.38%. Kinder Morgan’s payout ratio is 89.89%.

KMI has been the topic of several analyst reports. Mizuho initiated coverage on shares of Kinder Morgan in a research note on Wednesday, November 28th. They set a “buy” rating and a $22.00 price target on the stock. Wolfe Research cut shares of Kinder Morgan from a “market perform” rating to an “underperform” rating in a research note on Monday, November 26th. Zacks Investment Research cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. TheStreet upgraded shares of Kinder Morgan from a “c” rating to a “b-” rating in a research note on Wednesday, January 16th. Finally, Evercore ISI initiated coverage on shares of Kinder Morgan in a research note on Tuesday, February 5th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $21.08.

In related news, insider Richard D. Kinder purchased 50,000 shares of Kinder Morgan stock in a transaction on Tuesday, January 29th. The shares were bought at an average cost of $17.92 per share, for a total transaction of $896,000.00. Following the acquisition, the insider now owns 235,262,353 shares in the company, valued at approximately $4,215,901,365.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard D. Kinder purchased 100,000 shares of Kinder Morgan stock in a transaction on Thursday, January 31st. The stock was bought at an average price of $18.05 per share, for a total transaction of $1,805,000.00. Following the completion of the acquisition, the chairman now owns 235,427,613 shares in the company, valued at approximately $4,249,468,414.65. The disclosure for this purchase can be found here. Insiders have bought a total of 700,000 shares of company stock worth $12,643,500 over the last 90 days. Insiders own 14.16% of the company’s stock.

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Kinder Morgan Company Profile

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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