Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Courier Capital LLC

Courier Capital LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,105 shares of the pipeline company’s stock after selling 2,923 shares during the quarter. Courier Capital LLC’s holdings in Kinder Morgan were worth $2,764,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KMI. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. Pathway Financial Advisers LLC acquired a new stake in Kinder Morgan during the 1st quarter worth $30,000. HWG Holdings LP purchased a new stake in Kinder Morgan in the second quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan in the first quarter valued at $31,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Kinder Morgan during the second quarter worth about $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group upped their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus boosted their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Wells Fargo & Company increased their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $24.91.

Kinder Morgan Stock Performance

NYSE KMI opened at $24.76 on Thursday. The business has a 50 day moving average price of $22.35 and a 200 day moving average price of $20.61. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The company has a market capitalization of $54.95 billion, a P/E ratio of 22.51, a PEG ratio of 3.27 and a beta of 0.93. Kinder Morgan, Inc. has a 1-year low of $15.91 and a 1-year high of $25.43.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.64%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 817,040 shares of company stock valued at $19,747,879. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.