Great Lakes Advisors LLC Has $20.86 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Great Lakes Advisors LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 736,670 shares of the pipeline company’s stock after selling 31,306 shares during the period. Great Lakes Advisors LLC’s holdings in Kinder Morgan were worth $20,855,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC acquired a new stake in Kinder Morgan during the third quarter worth approximately $618,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Kinder Morgan by 20.5% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 7,326 shares of the pipeline company’s stock valued at $207,000 after acquiring an additional 1,248 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Kinder Morgan by 1.0% during the 3rd quarter. New York State Common Retirement Fund now owns 803,603 shares of the pipeline company’s stock worth $22,750,000 after purchasing an additional 8,000 shares in the last quarter. Crumly & Associates Inc. bought a new position in shares of Kinder Morgan in the third quarter worth $290,000. Finally, one8zero8 LLC raised its stake in Kinder Morgan by 3.6% in the third quarter. one8zero8 LLC now owns 86,502 shares of the pipeline company’s stock valued at $2,449,000 after purchasing an additional 3,000 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the acquisition, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This represents a 10.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares of the company’s stock, valued at $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 38,498 shares of company stock worth $1,107,462. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KMI has been the subject of a number of recent analyst reports. TD Cowen upped their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. UBS Group reiterated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Mizuho dropped their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Finally, Morgan Stanley set a $35.00 target price on Kinder Morgan in a research report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.38.

Kinder Morgan Stock Performance

Shares of KMI opened at $30.10 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The firm’s fifty day simple moving average is $27.43 and its two-hundred day simple moving average is $27.26. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $30.31. The stock has a market capitalization of $66.95 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 2.40 and a beta of 0.69.

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 analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.9%. Kinder Morgan’s dividend payout ratio (DPR) 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.