Smithfield Trust Co Buys 1,524 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Smithfield Trust Co boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 65.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,841 shares of the pipeline company’s stock after acquiring an additional 1,524 shares during the quarter. Smithfield Trust Co’s holdings in Kinder Morgan were worth $86,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KMI. Acadian Asset Management LLC increased its stake in shares of Kinder Morgan by 186.8% during the 1st quarter. Acadian Asset Management LLC now owns 47,437 shares of the pipeline company’s stock worth $868,000 after purchasing an additional 30,899 shares during the last quarter. Covestor Ltd raised its position in Kinder Morgan by 41.4% in the 1st quarter. Covestor Ltd now owns 4,084 shares of the pipeline company’s stock worth $75,000 after purchasing an additional 1,196 shares during the period. Pitcairn Co. purchased a new position in Kinder Morgan in the 1st quarter worth $202,000. Freestone Capital Holdings LLC increased its position in shares of Kinder Morgan by 39.5% in the first quarter. Freestone Capital Holdings LLC now owns 23,542 shares of the pipeline company’s stock valued at $432,000 after acquiring an additional 6,666 shares during the period. Finally, EP Wealth Advisors LLC increased its position in shares of Kinder Morgan by 5.1% in the first quarter. EP Wealth Advisors LLC now owns 78,592 shares of the pipeline company’s stock valued at $1,441,000 after acquiring an additional 3,828 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KMI. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. UBS Group lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Barclays boosted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.36.

Kinder Morgan Stock Up 2.0 %

NYSE:KMI opened at $28.57 on Friday. The firm has a market capitalization of $63.46 billion, a P/E ratio of 25.06, a PEG ratio of 3.86 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The company’s fifty day moving average price is $24.41 and its 200-day moving average price is $21.73. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.67.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results 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). 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

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.