Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Decreased by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,047 shares of the pipeline company’s stock after selling 500 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Kinder Morgan were worth $244,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KMI. CIBC Asset Management Inc grew its position in shares of Kinder Morgan by 6.9% in the 3rd quarter. CIBC Asset Management Inc now owns 341,054 shares of the pipeline company’s stock worth $7,534,000 after acquiring an additional 22,151 shares in the last quarter. Sargent Investment Group LLC lifted its stake in Kinder Morgan by 2.6% during the third quarter. Sargent Investment Group LLC now owns 87,339 shares of the pipeline company’s stock worth $1,929,000 after purchasing an additional 2,245 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Kinder Morgan by 10.2% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 87,736 shares of the pipeline company’s stock worth $1,938,000 after purchasing an additional 8,120 shares during the period. Curi RMB Capital LLC increased its stake in Kinder Morgan by 1.1% during the third quarter. Curi RMB Capital LLC now owns 691,613 shares of the pipeline company’s stock valued at $15,278,000 after purchasing an additional 7,289 shares during the last quarter. Finally, Planning Capital Management Corp raised its holdings in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

KMI stock opened at $27.27 on Friday. The company has a market capitalization of $60.58 billion, a P/E ratio of 23.92, a PEG ratio of 3.69 and a beta of 0.91. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company has a 50-day simple moving average of $23.84 and a 200 day simple moving average of $21.48. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $27.58.

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

Kinder Morgan Dividend Announcement

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

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction 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 $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMI. JPMorgan Chase & Co. boosted 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. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Barclays boosted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, UBS Group raised their target price on Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday. 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.36.

Kinder Morgan Company 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.