Kinder Morgan, Inc. $KMI Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,895,690 shares of the pipeline company’s stock after selling 32,844 shares during the period. Rhumbline Advisers’ holdings in Kinder Morgan were worth $110,287,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA acquired a new position in shares of Kinder Morgan during the second quarter valued at approximately $26,000. CoreFirst Bank & Trust bought a new position in Kinder Morgan during the 2nd quarter valued at $35,000. Private Wealth Management Group LLC raised 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 worth $35,000 after buying an additional 595 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Kinder Morgan by 314.6% in the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,032 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Kinder Morgan during the second quarter valued at about $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on KMI. Mizuho reduced their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Morgan Stanley restated a “buy” rating on shares of Kinder Morgan in a report on Friday, January 30th. Royal Bank Of Canada upped their price target on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

Insiders Place Their Bets

In other news, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction on 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 owned 139,428 shares in the company, valued at $4,182,840. This represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the transaction, the vice president owned 201,204 shares in the company, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,498 shares of company stock valued at $1,126,515 in the last three months. Insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 1.5%

Kinder Morgan stock opened at $31.49 on Thursday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.67. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. The firm has a market capitalization of $70.05 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.56 and a beta of 0.70. The company has a 50 day moving average price of $28.15 and a 200 day moving average price of $27.47.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio is 85.40%.

Kinder Morgan Company 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.