Intercontinental Wealth Advisors LLC Reduces Stock Position in Kinder Morgan Inc (NYSE:KMI)

Intercontinental Wealth Advisors LLC cut its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 37.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,537 shares of the pipeline company’s stock after selling 919 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Kinder Morgan were worth $32,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC increased its holdings in shares of Kinder Morgan by 54.6% in the 1st quarter. Clearbridge Investments LLC now owns 29,164,247 shares of the pipeline company’s stock valued at $583,577,000 after acquiring an additional 10,302,503 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kinder Morgan by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock valued at $360,962,000 after acquiring an additional 1,758,792 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Kinder Morgan by 144.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,346,407 shares of the pipeline company’s stock valued at $46,952,000 after acquiring an additional 1,386,053 shares during the last quarter. Chickasaw Capital Management LLC increased its holdings in shares of Kinder Morgan by 19.5% in the 2nd quarter. Chickasaw Capital Management LLC now owns 7,600,590 shares of the pipeline company’s stock valued at $158,700,000 after acquiring an additional 1,241,720 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in shares of Kinder Morgan by 156.6% in the 1st quarter. State of Tennessee Treasury Department now owns 1,993,382 shares of the pipeline company’s stock valued at $39,887,000 after acquiring an additional 1,216,450 shares during the last quarter. Institutional investors own 62.82% of the company’s stock.

In related news, insider Richard D. Kinder acquired 300,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average price of $19.68 per share, for a total transaction of $5,904,000.00. Following the transaction, the insider now directly owns 241,179,496 shares of the company’s stock, valued at approximately $4,746,412,481.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 13.95% of the company’s stock.

A number of brokerages have recently weighed in on KMI. Johnson Rice began coverage on Kinder Morgan in a report on Thursday, May 30th. They issued a “hold” rating and a $21.00 price target for the company. BMO Capital Markets downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a report on Monday, July 29th. Stifel Nicolaus downgraded Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a report on Monday, June 17th. Raymond James downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price target for the company. in a report on Wednesday, June 26th. Finally, Zacks Investment Research reiterated a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a report on Saturday, June 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Kinder Morgan has an average rating of “Hold” and an average price target of $21.75.

NYSE:KMI traded up $0.25 during midday trading on Friday, reaching $20.13. 10,345,500 shares of the company traded hands, compared to its average volume of 15,562,416. Kinder Morgan Inc has a twelve month low of $14.62 and a twelve month high of $21.50. The firm has a market capitalization of $44.82 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 4.15 and a beta of 0.86. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.33. The company has a fifty day moving average price of $20.67 and a 200 day moving average price of $20.03.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, equities research analysts forecast that Kinder Morgan Inc will post 0.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.97%. Kinder Morgan’s dividend payout ratio is currently 112.36%.

About Kinder Morgan

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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