Teachers Retirement System of The State of Kentucky Sells 8,530 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Teachers Retirement System of The State of Kentucky lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 5.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 158,367 shares of the pipeline company’s stock after selling 8,530 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kinder Morgan were worth $2,905,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Newman Dignan & Sheerar Inc. grew its holdings in Kinder Morgan by 4.3% during the 1st quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock worth $242,000 after acquiring an additional 547 shares during the period. Accurate Wealth Management LLC raised its holdings in shares of Kinder Morgan by 2.6% during the first quarter. Accurate Wealth Management LLC now owns 22,598 shares of the pipeline company’s stock valued at $426,000 after purchasing an additional 568 shares during the period. Mutual Advisors LLC increased its position in Kinder Morgan by 0.7% in the 1st quarter. Mutual Advisors LLC now owns 90,237 shares of the pipeline company’s stock valued at $1,655,000 after buying an additional 597 shares in the last quarter. Cubic Asset Management LLC increased its holdings in shares of Kinder Morgan by 5.1% during the fourth quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after acquiring an additional 600 shares in the last quarter. Finally, Thoroughbred Financial Services LLC lifted its holdings in shares of Kinder Morgan by 2.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 30,018 shares of the pipeline company’s stock worth $529,000 after purchasing an additional 610 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Sital K. Mody sold 25,169 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total transaction of $529,555.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The disclosure for this sale can be found here. Insiders sold a total of 196,582 shares of company stock valued at $4,073,082 in the last quarter. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI traded down $0.39 during trading hours on Friday, hitting $20.68. The stock had a trading volume of 18,941,191 shares, compared to its average volume of 17,440,460. The firm has a market capitalization of $45.90 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.92 and a beta of 0.93. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86. The company has a 50 day simple moving average of $20.14 and a two-hundred day simple moving average of $18.72. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Kinder Morgan’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.56%. Kinder Morgan’s payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KMI shares. Scotiabank increased their price target on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, July 19th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, UBS Group boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.11.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.