Amalgamated Bank Sells 11,357 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Amalgamated Bank lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,829 shares of the pipeline company’s stock after selling 11,357 shares during the period. Amalgamated Bank’s holdings in Kinder Morgan were worth $8,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after purchasing an additional 27,254,172 shares during the last quarter. Castle Hook Partners LP lifted its position in shares of Kinder Morgan by 108.2% in the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after buying an additional 4,053,793 shares during the last quarter. Duquesne Family Office LLC boosted its stake in shares of Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock worth $134,185,000 after acquiring an additional 2,872,665 shares during the period. Clearbridge Investments LLC raised its stake in Kinder Morgan by 23.6% in the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after acquiring an additional 2,125,648 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Kinder Morgan by 1,849.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after purchasing an additional 2,053,612 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

Kinder Morgan Trading Up 6.6 %

Shares of KMI stock opened at $26.34 on Thursday. Kinder Morgan, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $26.58. The stock’s fifty day moving average price is $23.07 and its two-hundred day moving average price is $21.08. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The company has a market cap of $58.52 billion, a PE ratio of 23.11, a P/E/G ratio of 3.05 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business earned $0.25 earnings per share. Equities analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KMI shares. Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Wells Fargo & Company lifted their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. UBS Group raised their price target on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus increased their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $25.09.

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.