244,556 Kinder Morgan, Inc. $KMI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,007,914 shares of the pipeline company’s stock after selling 244,556 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Kinder Morgan were worth $120,839,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board bought a new position in shares of Kinder Morgan during the 2nd quarter worth about $239,397,000. State Street Corp increased its position in Kinder Morgan by 4.3% in the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after buying an additional 5,361,578 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Kinder Morgan by 220.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,915,696 shares of the pipeline company’s stock valued at $125,185,000 after buying an additional 2,695,654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Kinder Morgan by 253.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,994,968 shares of the pipeline company’s stock worth $100,421,000 after buying an additional 2,146,573 shares during the period. Finally, BlackRock Inc. raised its stake in Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after buying an additional 1,875,143 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho increased their price target on Kinder Morgan from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Capital One Financial assumed coverage on Kinder Morgan in a research report on Tuesday, September 22nd. They set an “equal weight” rating and a $36.00 target price on the stock. Morgan Stanley upped their target price on Kinder Morgan from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 27th. Royal Bank Of Canada increased their target price on Kinder Morgan from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 28th. Finally, Melius Research started coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 price target for the company. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $37.20.

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president owned 47,313 shares of the company’s stock, valued at $1,592,082.45. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Trading Down 3.5%

KMI opened at $32.70 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The firm has a market capitalization of $72.85 billion, a PE ratio of 20.19, a P/E/G ratio of 2.34 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.36. The company’s 50-day moving average is $32.10 and its 200 day moving average is $32.05.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.57 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio (DPR) is currently 73.46%.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.