Kinder Morgan, Inc. (NYSE:KMI) Holdings Raised by Private Trust Co. NA

Private Trust Co. NA lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,870 shares of the pipeline company’s stock after acquiring an additional 2,044 shares during the quarter. Private Trust Co. NA’s holdings in Kinder Morgan were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Lazard Asset Management LLC lifted its stake in Kinder Morgan by 9.2% in the first quarter. Lazard Asset Management LLC now owns 26,871 shares of the pipeline company’s stock valued at $492,000 after acquiring an additional 2,274 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Kinder Morgan by 2.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 191,025 shares of the pipeline company’s stock worth $3,503,000 after buying an additional 4,829 shares during the last quarter. Comerica Bank lifted its position in shares of Kinder Morgan by 0.4% in the first quarter. Comerica Bank now owns 723,774 shares of the pipeline company’s stock worth $13,274,000 after buying an additional 2,568 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in shares of Kinder Morgan by 332.3% during the 1st quarter. iA Global Asset Management Inc. now owns 79,637 shares of the pipeline company’s stock worth $1,461,000 after acquiring an additional 61,217 shares in the last quarter. Finally, Montchanin Asset Management LLC acquired a new stake in Kinder Morgan in the 1st quarter worth approximately $5,416,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on 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 transaction, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMI. Barclays boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Royal Bank of Canada increased their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, UBS Group upped their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $25.67.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.09 on Wednesday. The firm has a market capitalization of $62.39 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 4.01 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. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $28.81. The firm has a 50-day moving average price of $24.82 and a 200 day moving average price of $21.97.

Kinder Morgan (NYSE:KMI) last posted 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 company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the business earned $0.25 EPS. Kinder Morgan’s quarterly revenue was down 5.3% compared to the same quarter last year. Research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s payout ratio is 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.