Kinder Morgan, Inc. $KMI Position Reduced by Keybank National Association OH

Keybank National Association OH lessened its position in Kinder Morgan, Inc. (NYSE:KMI) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

Other institutional investors also recently modified their holdings of the company. Ontario Teachers Pension Plan Board bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $239,397,000. State Street Corp lifted its stake 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 purchasing an additional 5,361,578 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Kinder Morgan by 220.9% during the second quarter. Assenagon Asset Management S.A. now owns 3,915,696 shares of the pipeline company’s stock worth $125,185,000 after purchasing an additional 2,695,654 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Kinder Morgan by 253.0% during the first 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 purchasing an additional 2,146,573 shares during the period. Finally, BlackRock Inc. grew its holdings in Kinder Morgan by 1.1% during the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after purchasing an additional 1,875,143 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BMO Capital Markets upped their price objective on Kinder Morgan from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Freedom Broker raised Kinder Morgan from a “hold” rating to a “buy” rating and raised their price objective for the company from $34.00 to $39.00 in a research report on Thursday, October 22nd. Melius Research began coverage on Kinder Morgan in a research note on Tuesday, September 22nd. They set a “buy” rating and a $38.00 target price for the company. Royal Bank Of Canada lifted their target price on Kinder Morgan from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 28th. Finally, JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.15.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,200 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $31.00, for a total value of $192,200.00. Following the transaction, the vice president directly owned 158,008 shares of the company’s stock, valued at $4,898,248. This represents a 3.78% decrease in their position. The sale was disclosed in a filing with the SEC, 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 on Friday, October 16th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president owned 47,313 shares in the company, valued at $1,592,082.45. The trade was a 3.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,300 shares of company stock worth $292,098 in the last ninety days. 12.72% of the stock is owned by company insiders.

Kinder Morgan Trading Up 1.4%

Shares of KMI stock opened at $32.03 on Friday. The firm has a 50 day moving average price of $32.03 and a two-hundred day moving average price of $32.16. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $71.36 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.20 and a beta of 0.58. Kinder Morgan, Inc. has a 12-month low of $26.24 and a 12-month high of $34.81.

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

Kinder Morgan Announces Dividend

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

Kinder Morgan Profile

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.