Kinder Morgan, Inc. (NYSE:KMI) Position Reduced by Dakota Wealth Management

Dakota Wealth Management lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 280,763 shares of the pipeline company’s stock after selling 3,764 shares during the period. Dakota Wealth Management’s holdings in Kinder Morgan were worth $6,202,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KMI. apricus wealth LLC lifted its stake in Kinder Morgan by 0.9% during the third quarter. apricus wealth LLC now owns 201,335 shares of the pipeline company’s stock worth $4,447,000 after purchasing an additional 1,775 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Kinder Morgan by 30.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock worth $88,534,000 after purchasing an additional 932,469 shares during the period. Pinnacle West Asset Management Inc. lifted its position in shares of Kinder Morgan by 0.5% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock worth $2,124,000 after buying an additional 500 shares during the last quarter. Jackson Wealth Management LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at about $2,638,000. Finally, Impact Partnership Wealth LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $217,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KMI shares. UBS Group lifted their target price on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, July 19th. 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 report on Tuesday, August 27th. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research 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 research report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $24.91.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $24.96 on Friday. Kinder Morgan, Inc. has a 1 year low of $15.91 and a 1 year high of $25.43. The firm has a market cap of $55.45 billion, a P/E ratio of 21.89, a PEG ratio of 3.06 and a beta of 0.93. The stock has a fifty day moving average price of $22.42 and a two-hundred day moving average price of $20.64. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business earned $0.25 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. Research analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Insiders Place Their Bets

In other news, Director C Park Shaper sold 690,142 shares of the 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 sale, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company’s 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 completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the transaction, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 817,040 shares of company stock worth $19,747,879. 12.64% of the stock is owned by 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.