Oxbow Advisors LLC Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Oxbow Advisors LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 455,859 shares of the pipeline company’s stock after buying an additional 1,190 shares during the quarter. Kinder Morgan accounts for about 1.1% of Oxbow Advisors LLC’s portfolio, making the stock its 24th largest holding. Oxbow Advisors LLC’s holdings in Kinder Morgan were worth $9,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of KMI. SVB Wealth LLC lifted its holdings in Kinder Morgan by 1.7% in the second quarter. SVB Wealth LLC now owns 124,074 shares of the pipeline company’s stock valued at $2,465,000 after acquiring an additional 2,028 shares during the period. Mosley Wealth Management acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at $255,000. Great Lakes Advisors LLC purchased a new stake in Kinder Morgan during the second quarter worth $5,108,000. Cullen Frost Bankers Inc. grew its position in Kinder Morgan by 14.6% during the second quarter. Cullen Frost Bankers Inc. now owns 33,342 shares of the pipeline company’s stock valued at $663,000 after buying an additional 4,256 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in Kinder Morgan by 1,680.2% in the second quarter. Los Angeles Capital Management LLC now owns 915,251 shares of the pipeline company’s stock valued at $18,186,000 after buying an additional 863,837 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.6 %

Kinder Morgan stock traded down $0.35 during trading on Friday, reaching $21.13. 11,478,546 shares of the company were exchanged, compared to its average volume of 13,919,089. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The stock’s 50 day simple moving average is $20.89 and its two-hundred day simple moving average is $19.43. The company has a market capitalization of $46.90 billion, a P/E ratio of 19.21, a PEG ratio of 3.00 and a beta of 0.93. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $21.86.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the firm posted $0.24 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.44%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Insider Activity

In related news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the transaction, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the transaction, the president now owns 916,773 shares in the company, valued at $19,261,400.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Stifel Nicolaus increased their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. UBS Group upped their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.20.

Kinder Morgan Profile

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.