Stephens Inc. AR Has $6.77 Million Holdings in Kinder Morgan Inc (NYSE:KMI)

Stephens Inc. AR reduced its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 8.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 328,439 shares of the pipeline company’s stock after selling 32,136 shares during the quarter. Stephens Inc. AR’s holdings in Kinder Morgan were worth $6,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Centaurus Financial Inc. lifted its position in Kinder Morgan by 866.1% during the 1st quarter. Centaurus Financial Inc. now owns 1,082 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 970 shares during the period. SRS Capital Advisors Inc. acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $32,000. River & Mercantile Asset Management LLP acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $33,000. Bartlett & Co. LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $37,000. Finally, Atwater Malick LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 61.77% of the company’s stock.

A number of analysts recently weighed in on KMI shares. BMO Capital Markets downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a research report on Monday, July 29th. TD Securities started coverage on shares of Kinder Morgan in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price target on the stock. Raymond James downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price target on the stock. in a research report on Wednesday, June 26th. Scotia Howard Weill started coverage on shares of Kinder Morgan in a research report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target on the stock. Finally, SunTrust Banks cut their price target on shares of Kinder Morgan from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.11.

In other Kinder Morgan news, insider Richard D. Kinder purchased 300,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $19.76 per share, with a total value of $5,928,000.00. Following the purchase, the insider now directly owns 241,879,496 shares of the company’s stock, valued at $4,779,538,840.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 71,944 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the transaction, the vice president now directly owns 204,605 shares of the company’s stock, valued at $4,102,330.25. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 705,000 shares of company stock valued at $14,007,550. 13.95% of the stock is owned by company insiders.

NYSE KMI opened at $20.33 on Monday. The business has a 50 day simple moving average of $20.42 and a 200 day simple moving average of $20.34. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $21.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.33 and a current ratio of 0.35. The stock has a market cap of $45.43 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 4.18 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the company posted $0.21 earnings per share. Kinder Morgan’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts predict that Kinder Morgan Inc will post 0.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.92%. Kinder Morgan’s payout ratio is 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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