Robeco Institutional Asset Management B.V. reduced its stake in Kinder Morgan Inc (NYSE:KMI) by 17.9% during the second quarter, HoldingsChannel.com reports. The fund owned 417,890 shares of the pipeline company’s stock after selling 91,204 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Kinder Morgan were worth $7,384,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Financial Engines Advisors L.L.C. lifted its stake in Kinder Morgan by 10.2% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 330,922 shares of the pipeline company’s stock worth $4,984,000 after purchasing an additional 30,673 shares in the last quarter. FTB Advisors Inc. lifted its stake in Kinder Morgan by 11.4% in the 1st quarter. FTB Advisors Inc. now owns 196,814 shares of the pipeline company’s stock worth $2,976,000 after purchasing an additional 20,181 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in Kinder Morgan by 460.7% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 515,500 shares of the pipeline company’s stock worth $7,602,000 after purchasing an additional 423,554 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of Kinder Morgan by 197.2% during the 1st quarter. Dupont Capital Management Corp now owns 424,754 shares of the pipeline company’s stock worth $6,397,000 after buying an additional 281,846 shares during the last quarter. Finally, Abbot Financial Management Inc. increased its holdings in shares of Kinder Morgan by 8.3% during the 1st quarter. Abbot Financial Management Inc. now owns 44,454 shares of the pipeline company’s stock worth $669,000 after buying an additional 3,400 shares during the last quarter. 61.56% of the stock is currently owned by institutional investors.

In related news, Director William A. Smith bought 5,556 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average price of $18.09 per share, for a total transaction of $100,508.04. Following the acquisition, the director now owns 14,587 shares of the company’s stock, valued at $263,878.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.16% of the stock is currently owned by company insiders.

Kinder Morgan stock opened at $17.95 on Friday. Kinder Morgan Inc has a fifty-two week low of $14.69 and a fifty-two week high of $19.85. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.49 and a quick ratio of 0.41. The company has a market capitalization of $40.08 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.45 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 18th. The pipeline company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Kinder Morgan had a negative net margin of 1.82% and a positive return on equity of 5.07%. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. sell-side analysts expect that Kinder Morgan Inc will post 0.87 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st were issued a $0.20 dividend. The ex-dividend date was Monday, July 30th. This represents a $0.80 annualized dividend and a yield of 4.46%. Kinder Morgan’s dividend payout ratio (DPR) is presently 121.21%.

A number of brokerages have recently issued reports on KMI. Stifel Nicolaus cut their price target on shares of Kinder Morgan from $22.00 to $21.00 and set a “buy” rating for the company in a report on Monday, April 30th. US Capital Advisors restated a “buy” rating on shares of Kinder Morgan in a report on Tuesday, July 17th. Wells Fargo & Co upgraded shares of Kinder Morgan from a “market perform” rating to a “buy” rating in a report on Wednesday, June 20th. ValuEngine upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Wednesday. Finally, Citigroup cut their price target on shares of Kinder Morgan from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company. Kinder Morgan presently has a consensus rating of “Buy” and an average target price of $20.89.

Kinder Morgan Company Profile

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