Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 579,594 shares of the pipeline company’s stock after selling 63,547 shares during the quarter. Kinder Morgan accounts for about 5.0% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 10th largest position. Investment Management Associates Inc. ADV’s holdings in Kinder Morgan were worth $12,803,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its holdings in Kinder Morgan by 1.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 86,613 shares of the pipeline company’s stock worth $1,588,000 after buying an additional 891 shares during the last quarter. Meeder Advisory Services Inc. raised its stake in shares of Kinder Morgan by 17.6% during the first quarter. Meeder Advisory Services Inc. now owns 30,678 shares of the pipeline company’s stock worth $563,000 after acquiring an additional 4,583 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Kinder Morgan during the first quarter worth approximately $100,000. Bleakley Financial Group LLC increased its stake in shares of Kinder Morgan by 5.3% in the first quarter. Bleakley Financial Group LLC now owns 27,027 shares of the pipeline company’s stock worth $496,000 after buying an additional 1,360 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Kinder Morgan by 14.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 192,079 shares of the pipeline company’s stock worth $3,523,000 after buying an additional 24,396 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 1.5 %

Kinder Morgan stock opened at $27.27 on Tuesday. Kinder Morgan, Inc. has a one year low of $16.34 and a one year high of $27.33. The firm has a market capitalization of $60.58 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.70 and a beta of 0.91. 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 50-day simple moving average of $23.28 and a 200-day simple moving average of $21.20.

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

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Analyst Upgrades and Downgrades

Several analysts recently commented on KMI shares. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Bank of America began coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Scotiabank increased their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Friday, July 19th. Finally, Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.09.

Insider Activity

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The stock was 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 in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by insiders.

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.