Robeco Institutional Asset Management B.V. Sells 32,759 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Robeco Institutional Asset Management B.V. decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,980,625 shares of the pipeline company’s stock after selling 32,759 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.09% of Kinder Morgan worth $43,752,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of Kinder Morgan by 5.7% in the third quarter. Van ECK Associates Corp now owns 666,452 shares of the pipeline company’s stock valued at $14,722,000 after acquiring an additional 36,112 shares in the last quarter. Baxter Bros Inc. grew its stake in Kinder Morgan by 1.6% in the 3rd quarter. Baxter Bros Inc. now owns 89,161 shares of the pipeline company’s stock valued at $1,970,000 after purchasing an additional 1,387 shares during the period. Janney Montgomery Scott LLC grew its stake in Kinder Morgan by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,531,624 shares of the pipeline company’s stock valued at $33,834,000 after purchasing an additional 17,343 shares during the period. Pure Financial Advisors LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter valued at $301,000. Finally, Private Wealth Partners LLC raised its stake in shares of Kinder Morgan by 3.1% during the 3rd quarter. Private Wealth Partners LLC now owns 310,795 shares of the pipeline company’s stock worth $6,865,000 after purchasing an additional 9,456 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $24.71 on Wednesday. The company has a 50 day moving average of $22.97 and a 200 day moving average of $21.04. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock has a market cap of $54.90 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.99 and a beta of 0.91. Kinder Morgan, Inc. has a 12 month low of $16.17 and a 12 month high of $25.43.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $4.05 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.65%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insider Transactions at Kinder Morgan

In related 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 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred 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 transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on KMI. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. Barclays upped their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. UBS Group upped their price target on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Eight investment 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 company’s stock. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus 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.