McIlrath & Eck LLC Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

McIlrath & Eck LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,231 shares of the pipeline company’s stock after selling 1,171 shares during the period. McIlrath & Eck LLC’s holdings in Kinder Morgan were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. RFG Advisory LLC grew its stake in shares of Kinder Morgan by 5.2% during the second quarter. RFG Advisory LLC now owns 15,861 shares of the pipeline company’s stock worth $315,000 after acquiring an additional 778 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Kinder Morgan by 3.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 42,325 shares of the pipeline company’s stock worth $841,000 after purchasing an additional 1,330 shares in the last quarter. M&G Plc purchased a new stake in Kinder Morgan during the 2nd quarter worth approximately $2,085,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Kinder Morgan by 4.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 695,607 shares of the pipeline company’s stock valued at $13,822,000 after acquiring an additional 27,071 shares during the period. Finally, ORG Partners LLC increased its holdings in shares of Kinder Morgan by 454.3% in the second quarter. ORG Partners LLC now owns 25,982 shares of the pipeline company’s stock valued at $514,000 after purchasing an additional 21,295 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value 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 $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 727,263 shares of company stock worth $18,075,634. Insiders own 12.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Stifel Nicolaus increased their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.75.

Kinder Morgan Stock Performance

NYSE:KMI opened at $26.90 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a market capitalization of $59.76 billion, a PE ratio of 23.60, a P/E/G ratio of 4.00 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.81. The company has a fifty day moving average of $25.87 and a two-hundred day moving average of $22.49.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 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 company posted $0.25 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.28%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

About Kinder Morgan

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.