Greenleaf Trust Buys 2,635 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Greenleaf Trust boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,711 shares of the pipeline company’s stock after acquiring an additional 2,635 shares during the period. Greenleaf Trust’s holdings in Kinder Morgan were worth $1,319,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the third quarter worth about $28,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan in the second quarter valued at approximately $30,000. ZRC Wealth Management LLC bought a new stake in shares of Kinder Morgan in the third quarter valued at approximately $36,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan in the first quarter valued at approximately $30,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the first quarter valued at approximately $31,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the transaction, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the transaction, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 817,040 shares of company stock worth $19,747,879 in the last three months. 12.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMI. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, July 19th. Royal Bank of Canada upped their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.91.

Kinder Morgan Price Performance

KMI stock opened at $24.99 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan, Inc. has a one year low of $15.91 and a one year high of $25.43. The stock has a market cap of $55.46 billion, a PE ratio of 22.72, a P/E/G ratio of 3.27 and a beta of 0.93. The firm has a 50 day simple moving average of $22.35 and a two-hundred day simple moving average of $20.61.

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

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.60%. Kinder Morgan’s payout ratio is 104.55%.

Kinder Morgan Company 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.