Graybill Bartz & Assoc Ltd. Has $4.27 Million Stock Holdings in Kinder Morgan Inc (NYSE:KMI)

Graybill Bartz & Assoc Ltd. lessened its position in Kinder Morgan Inc (NYSE:KMI) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,265 shares of the pipeline company’s stock after selling 1,941 shares during the quarter. Kinder Morgan makes up about 2.9% of Graybill Bartz & Assoc Ltd.’s portfolio, making the stock its 12th biggest position. Graybill Bartz & Assoc Ltd.’s holdings in Kinder Morgan were worth $4,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Clearbridge Investments LLC increased its position in shares of Kinder Morgan by 54.6% during the 1st quarter. Clearbridge Investments LLC now owns 29,164,247 shares of the pipeline company’s stock worth $583,577,000 after purchasing an additional 10,302,503 shares during the last quarter. Chickasaw Capital Management LLC increased its position in shares of Kinder Morgan by 244.4% during the 1st quarter. Chickasaw Capital Management LLC now owns 6,358,870 shares of the pipeline company’s stock worth $127,241,000 after purchasing an additional 4,512,730 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kinder Morgan by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock worth $360,962,000 after purchasing an additional 1,758,792 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Kinder Morgan by 144.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,346,407 shares of the pipeline company’s stock worth $46,952,000 after purchasing an additional 1,386,053 shares during the last quarter. Finally, Sabal Trust CO acquired a new position in shares of Kinder Morgan during the 1st quarter worth approximately $25,141,000. 62.56% of the stock is currently owned by institutional investors and hedge funds.

KMI has been the topic of several recent analyst reports. Stifel Nicolaus lowered Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research report on Monday, June 17th. BMO Capital Markets downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research note on Monday, July 29th. ValuEngine downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Thursday. Raymond James downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 target price for the company. in a research note on Wednesday, June 26th. Finally, Johnson Rice started coverage on Kinder Morgan in a research note on Thursday, May 30th. They set a “hold” rating and a $21.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Kinder Morgan currently has a consensus rating of “Hold” and a consensus target price of $21.75.

In other news, insider Richard D. Kinder purchased 300,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $19.53 per share, for a total transaction of $5,859,000.00. Following the purchase, the insider now directly owns 240,879,496 shares of the company’s stock, valued at approximately $4,704,376,556.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard D. Kinder purchased 177,542 shares of Kinder Morgan stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of $19.43 per share, with a total value of $3,449,641.06. Following the completion of the purchase, the insider now directly owns 240,579,496 shares in the company, valued at $4,674,459,607.28. The disclosure for this purchase can be found here. Insiders purchased a total of 777,542 shares of company stock valued at $15,212,641 over the last 90 days. 13.95% of the stock is currently owned by corporate insiders.

Shares of NYSE KMI traded down $0.40 during midday trading on Monday, hitting $19.81. 117,820 shares of the company’s stock were exchanged, compared to its average volume of 12,846,724. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 0.96. Kinder Morgan Inc has a 12 month low of $14.62 and a 12 month high of $21.50. The business has a 50 day moving average of $20.86. The company has a market capitalization of $45.75 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 4.20 and a beta of 0.86.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.59 billion. Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. As a group, equities analysts forecast that Kinder Morgan Inc will post 0.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $1.00 annualized dividend and a yield of 5.05%. Kinder Morgan’s dividend payout ratio (DPR) is presently 112.36%.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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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