Vectors Research Management LLC Decreases Position in Kinder Morgan, Inc. (NYSE:KMI)

Vectors Research Management LLC decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 139,338 shares of the pipeline company’s stock after selling 4,709 shares during the quarter. Vectors Research Management LLC’s holdings in Kinder Morgan were worth $3,081,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Global Retirement Partners LLC raised its stake in shares of Kinder Morgan by 3.5% in 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 period. Sumitomo Mitsui Trust Group Inc. lifted 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 buying an additional 29,861 shares during the last quarter. Czech National Bank grew its holdings in Kinder Morgan by 6.9% in the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after purchasing an additional 25,406 shares during the last quarter. Principal Financial Group Inc. grew its stake in Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares during the last quarter. Finally, Valley National Advisers Inc. increased its holdings 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 in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on 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 sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.77 on Friday. 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, Inc. has a 12-month low of $16.47 and a 12-month high of $27.58. The business’s 50 day moving average is $23.61 and its two-hundred day moving average is $21.36. The company has a market capitalization of $59.46 billion, a P/E ratio of 23.48, a P/E/G ratio of 3.69 and a beta of 0.91.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.30%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KMI shares. Bank of America began coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, July 19th. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Barclays upped their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.09.

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.