Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,699 shares of the pipeline company’s stock after selling 743 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Kinder Morgan were worth $479,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. SignalPoint Asset Management LLC boosted its holdings in Kinder Morgan by 1.5% in the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after purchasing an additional 447 shares during the period. Trust Co. of Oklahoma boosted its holdings in shares of Kinder Morgan by 1.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock valued at $742,000 after buying an additional 486 shares during the period. Pinnacle West Asset Management Inc. grew its position in shares of Kinder Morgan by 0.5% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock valued at $2,124,000 after buying an additional 500 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Kinder Morgan by 0.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock valued at $3,295,000 after buying an additional 530 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its stake in Kinder Morgan by 1.4% during the second quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock worth $785,000 after acquiring an additional 545 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.2 %

Shares of NYSE KMI traded down $0.05 during mid-day trading on Thursday, hitting $26.30. 2,100,845 shares of the company traded hands, compared to its average volume of 13,826,039. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1 year low of $16.17 and a 1 year high of $26.58. The stock has a market capitalization of $58.43 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 3.05 and a beta of 0.91. The business has a 50 day moving average of $23.07 and a two-hundred day moving average of $21.08.

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

Kinder Morgan Dividend Announcement

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

Wall Street Analyst Weigh In

KMI has been the subject of several recent research reports. Stifel Nicolaus upped their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, July 19th. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Finally, UBS Group lifted their price objective on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.09.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company’s 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 transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by insiders.

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.