Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by MML Investors Services LLC

MML Investors Services LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 430,690 shares of the pipeline company’s stock after buying an additional 22,361 shares during the quarter. MML Investors Services LLC’s holdings in Kinder Morgan were worth $9,514,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RFG Advisory LLC boosted its position in Kinder Morgan by 5.2% in the 2nd quarter. RFG Advisory LLC now owns 15,861 shares of the pipeline company’s stock valued at $315,000 after buying an additional 778 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Kinder Morgan by 3.2% in the second quarter. Sequoia Financial Advisors LLC now owns 42,325 shares of the pipeline company’s stock worth $841,000 after buying an additional 1,330 shares during the last quarter. M&G Plc acquired a new stake in Kinder Morgan in the second quarter valued at $2,085,000. Wealth Enhancement Advisory Services LLC boosted its stake in Kinder Morgan by 4.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 695,607 shares of the pipeline company’s stock valued at $13,822,000 after acquiring an additional 27,071 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in Kinder Morgan by 454.3% during the 2nd quarter. ORG Partners LLC now owns 25,982 shares of the pipeline company’s stock worth $514,000 after acquiring an additional 21,295 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMI has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Barclays lifted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, UBS Group boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.75.

Insider Activity

In related news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders have sold 727,263 shares of company stock worth $18,075,634 in the last 90 days. Company insiders own 12.81% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $26.90 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a market capitalization of $59.76 billion, a P/E ratio of 23.60, a P/E/G ratio of 4.00 and a beta of 0.94. The business’s fifty day moving average is $25.87 and its two-hundred day moving average is $22.49. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

About Kinder Morgan

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.