Great Lakes Advisors LLC Sells 31,306 Shares of Kinder Morgan, Inc. $KMI

Great Lakes Advisors LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,670 shares of the pipeline company’s stock after selling 31,306 shares during the quarter. Great Lakes Advisors LLC’s holdings in Kinder Morgan were worth $20,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KMI shares. Jefferies Financial Group raised their target price on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Mizuho decreased their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Royal Bank Of Canada increased their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. UBS Group reiterated a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Finally, Stifel Nicolaus increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the transaction, the vice president owned 201,204 shares in the company, valued at $5,531,097.96. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis acquired 3,800 shares of Kinder Morgan stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 38,498 shares of company stock valued at $1,107,462 over the last three months. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 1.7%

NYSE:KMI opened at $30.10 on Thursday. 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 firm’s 50-day moving average price is $27.43 and its 200-day moving average price is $27.26. The company has a market capitalization of $66.95 billion, a PE ratio of 21.97, a P/E/G ratio of 2.40 and a beta of 0.69. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $30.31.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be given 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 yield of 3.9%. Kinder Morgan’s payout ratio is 85.40%.

About Kinder Morgan

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.