Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Essex LLC

Essex LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 41,571 shares of the pipeline company’s stock after selling 2,300 shares during the quarter. Essex LLC’s holdings in Kinder Morgan were worth $918,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at about $30,000. HWG Holdings LP purchased a new position in shares of Kinder Morgan in the second quarter valued at approximately $30,000. OFI Invest Asset Management purchased a new position in Kinder Morgan in the 1st quarter valued at $31,000. Redmont Wealth Advisors LLC acquired a new stake in Kinder Morgan during the 1st quarter worth $31,000. Finally, Strategic Financial Concepts LLC acquired a new position in Kinder Morgan during the second quarter worth about $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KMI shares. Stifel Nicolaus increased their price target on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Royal Bank of Canada lifted their target price on Kinder Morgan from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, Scotiabank increased their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.27.

Insider Buying and Selling

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock valued at $3,121,891 in the last three months. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Stock Up 0.5 %

Shares of NYSE:KMI opened at $24.95 on Friday. The firm has a market capitalization of $55.37 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. Kinder Morgan, Inc. has a 1 year low of $15.91 and a 1 year high of $25.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The firm’s 50-day moving average is $22.12 and its two-hundred day moving average is $20.48.

Kinder Morgan (NYSE:KMI) last announced its 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 7.89% and a net margin of 15.93%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company earned $0.25 earnings per share. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. Analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.61%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

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.