Swiss National Bank Lowers Stock Position in Kinder Morgan, Inc. $KMI

Swiss National Bank lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,764,774 shares of the pipeline company’s stock after selling 288,800 shares during the quarter. Swiss National Bank owned approximately 0.26% of Kinder Morgan worth $163,201,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Kinder Morgan in the 4th quarter worth about $308,000. Schnieders Capital Management LLC. grew its holdings in Kinder Morgan by 11.4% in the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after purchasing an additional 7,081 shares during the period. Savant Capital LLC grew its holdings in Kinder Morgan by 23.7% in the second quarter. Savant Capital LLC now owns 141,531 shares of the pipeline company’s stock valued at $4,161,000 after purchasing an additional 27,078 shares during the period. Prospera Financial Services Inc increased its position in shares of Kinder Morgan by 1.2% in the second quarter. Prospera Financial Services Inc now owns 87,194 shares of the pipeline company’s stock valued at $2,564,000 after buying an additional 1,030 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Kinder Morgan by 140.5% during the 2nd quarter. Acadian Asset Management LLC now owns 793,021 shares of the pipeline company’s stock worth $23,307,000 after buying an additional 463,232 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Morgan Stanley increased their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. UBS Group reissued a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Finally, Scotiabank raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.08.

Insider Buying and Selling

In other news, Director William A. Smith acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the transaction, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the transaction, the vice president owned 100,146 shares in the company, valued at $3,199,664.70. The trade was a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,498 shares of company stock valued at $1,418,248 in the last quarter. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $33.30 on Tuesday. The company has a fifty day simple moving average of $30.28 and a 200-day simple moving average of $28.20. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $74.08 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 3.09 and a beta of 0.68. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $34.24.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the company earned $0.30 EPS. Kinder Morgan’s revenue was up 13.1% compared to the same quarter last year. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s payout ratio is 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.