20,201 Kinder Morgan, Inc. $KMI Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 357,695 shares of the pipeline company’s stock after selling 20,201 shares during the period. Keybank National Association OH’s holdings in Kinder Morgan were worth $10,785,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp lifted its position in shares of Kinder Morgan by 4.3% during 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 acquiring an additional 5,361,578 shares during the period. Oak Family Advisors LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth $3,627,000. Envestnet Asset Management Inc. grew its holdings in shares of Kinder Morgan by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,122,523 shares of the pipeline company’s stock worth $163,766,000 after purchasing an additional 38,739 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Kinder Morgan by 10.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 438,959 shares of the pipeline company’s stock worth $14,034,000 after purchasing an additional 41,563 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Kinder Morgan by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock worth $577,998,000 after purchasing an additional 448,130 shares during the period. 62.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMI. Stifel Nicolaus began coverage on Kinder Morgan in a research note on Wednesday, September 9th. They issued a “hold” rating and a $35.00 price target for the company. TD Cowen increased their price objective on shares of Kinder Morgan from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Jefferies Financial Group increased their price objective on shares of Kinder Morgan from $33.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, October 22nd. Argus raised their target price on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 28th. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.15.

Kinder Morgan Price Performance

Shares of KMI stock opened at $32.03 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $26.24 and a twelve month high of $34.81. The company has a market cap of $71.36 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.20 and a beta of 0.58. The business has a fifty day simple moving average of $32.03 and a 200 day simple moving average of $32.16.

Kinder Morgan (NYSE:KMI) last released its 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 firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.57 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio (DPR) is presently 73.46%.

Insider Activity

In related news, VP John W. Schlosser sold 6,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $31.00, for a total transaction of $192,200.00. Following the completion of the transaction, the vice president directly owned 158,008 shares in the company, valued at $4,898,248. This represents a 3.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the transaction, the vice president directly owned 47,313 shares of the company’s stock, valued at approximately $1,592,082.45. The trade was a 3.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 9,300 shares of company stock worth $292,098. Corporate insiders own 12.72% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada. The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.