Keybank National Association OH Has $11.53 Million Stake in Kinder Morgan, Inc. $KMI

Keybank National Association OH lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 407,299 shares of the pipeline company’s stock after selling 20,157 shares during the period. Keybank National Association OH’s holdings in Kinder Morgan were worth $11,531,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of KMI. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan during the second quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $35,000. Private Wealth Management Group LLC increased its stake in shares of Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after acquiring an additional 595 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at $40,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at $41,000. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research reports. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. UBS Group reissued a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. TD Cowen raised their target price on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their price target on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $32.38.

Insider Buying and Selling at Kinder Morgan

In related news, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares in the company, valued at approximately $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares of the company’s stock, valued at $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 38,498 shares of company stock worth $1,107,462. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 0.9%

KMI opened at $30.50 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $30.57. The firm has a market capitalization of $67.85 billion, a PE ratio of 22.26, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. The company’s 50-day moving average is $27.57 and its 200 day moving average is $27.29.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.