Kinder Morgan, Inc. (KMI) Shares Sold by Cipher Capital LP

Cipher Capital LP reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 40.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,268 shares of the pipeline company’s stock after selling 40,309 shares during the period. Cipher Capital LP’s holdings in Kinder Morgan were worth $1,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Swiss National Bank increased its stake in Kinder Morgan by 9.1% in the second quarter. Swiss National Bank now owns 7,336,469 shares of the pipeline company’s stock valued at $140,567,000 after purchasing an additional 613,000 shares in the last quarter. Sentry Investments Corp. increased its stake in Kinder Morgan by 1.7% in the second quarter. Sentry Investments Corp. now owns 646,147 shares of the pipeline company’s stock valued at $12,380,000 after purchasing an additional 10,900 shares in the last quarter. Atwood & Palmer Inc. increased its stake in Kinder Morgan by 391.8% in the second quarter. Atwood & Palmer Inc. now owns 11,611 shares of the pipeline company’s stock valued at $222,000 after purchasing an additional 9,250 shares in the last quarter. Cim Investment Mangement Inc. increased its stake in Kinder Morgan by 153.7% in the second quarter. Cim Investment Mangement Inc. now owns 30,214 shares of the pipeline company’s stock valued at $579,000 after purchasing an additional 18,303 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Kinder Morgan by 31.1% in the second quarter. Principal Financial Group Inc. now owns 5,071,934 shares of the pipeline company’s stock valued at $97,179,000 after purchasing an additional 1,201,722 shares in the last quarter. 59.15% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan, Inc. (NYSE:KMI) opened at 19.14 on Friday. Kinder Morgan, Inc. has a 12-month low of $18.23 and a 12-month high of $23.36. The stock has a market capitalization of $42.74 billion, a PE ratio of 63.17 and a beta of 0.65. The company’s 50-day moving average is $19.55 and its 200 day moving average is $20.08.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.12 billion. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, equities research analysts expect that Kinder Morgan, Inc. will post $0.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.50 dividend on an annualized basis and a yield of 2.61%. Kinder Morgan’s dividend payout ratio is currently 161.29%.

Kinder Morgan announced that its Board of Directors has initiated a share repurchase plan on Wednesday, July 19th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the pipeline company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

In other news, Director William A. Smith acquired 4,903 shares of Kinder Morgan stock in a transaction on Monday, July 31st. The stock was acquired at an average cost of $20.24 per share, for a total transaction of $99,236.72. Following the purchase, the director now owns 14,587 shares in the company, valued at $295,240.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.99% of the stock is currently owned by company insiders.

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Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $23.00 price target on shares of Kinder Morgan in a research note on Friday, June 23rd. TD Securities set a $26.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Tuesday, June 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Kinder Morgan in a research note on Tuesday, May 16th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen 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 a consensus target price of $23.91.

Kinder Morgan Company Profile

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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