Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,239 shares of the pipeline company’s stock after selling 1,270 shares during the period. Future Financial Wealth Managment LLC’s holdings in Kinder Morgan were worth $308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after acquiring an additional 29,861 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after acquiring an additional 776 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after acquiring an additional 71,984 shares during the last quarter. Czech National Bank increased its position in shares of Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after acquiring an additional 25,406 shares during the last quarter. Finally, Valley National Advisers Inc. increased its position in shares of Kinder Morgan by 1,512.7% during the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock valued at $1,956,000 after acquiring an additional 83,090 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KMI shares. Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, 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 report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.67.

Insider Buying and Selling

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 value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 745,263 shares of company stock worth $18,578,014 in the last three months. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

KMI stock traded up $0.34 on Monday, hitting $28.50. The company’s stock had a trading volume of 5,367,330 shares, compared to its average volume of 10,858,032. The firm has a 50 day moving average of $27.31 and a two-hundred day moving average of $23.79. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.82. The stock has a market cap of $63.32 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.04%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

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.