Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by BCM Advisors LLC

BCM Advisors LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,344 shares of the pipeline company’s stock after selling 460 shares during the quarter. BCM Advisors LLC’s holdings in Kinder Morgan were worth $1,992,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KMI. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan in the third 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 shares of Kinder Morgan during the second quarter worth $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at about $31,000. Finally, HM Payson & Co. lifted its stake in shares of Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,145 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the firm’s 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value 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 $168,543,985.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of several research reports. Argus raised shares of 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. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Wells Fargo & Company lifted their price objective on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Stifel Nicolaus upped 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. Finally, The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.09.

Kinder Morgan Trading Down 1.4 %

Shares of KMI stock opened at $26.80 on Thursday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $27.58. The firm has a market cap of $59.54 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 3.74 and a beta of 0.91. The company has a 50-day moving average of $23.51 and a two-hundred day moving average of $21.32. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. On average, analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The company 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 $0.2875 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.29%. Kinder Morgan’s payout ratio is presently 100.88%.

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.