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

BCM Advisors LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.6% during the third quarter, according to its most recent 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinnacle Financial Partners Inc lifted its holdings in Kinder Morgan by 1.6% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 65,920 shares of the pipeline company’s stock worth $1,456,000 after buying an additional 1,011 shares during the last quarter. Chase Investment Counsel Corp raised its position in shares of Kinder Morgan by 52.5% during the 3rd quarter. Chase Investment Counsel Corp now owns 49,793 shares of the pipeline company’s stock worth $1,099,000 after acquiring an additional 17,145 shares in the last quarter. Community Bank & Trust Waco Texas purchased a new stake in Kinder Morgan during the third quarter worth approximately $920,000. Empower Advisory Group LLC boosted its holdings in Kinder Morgan by 1.2% in the third quarter. Empower Advisory Group LLC now owns 3,808,896 shares of the pipeline company’s stock valued at $84,139,000 after purchasing an additional 45,928 shares in the last quarter. Finally, Carrera Capital Advisors increased its stake in Kinder Morgan by 27.5% in the third quarter. Carrera Capital Advisors now owns 75,290 shares of the pipeline company’s stock valued at $1,663,000 after purchasing an additional 16,222 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $26.80 on Thursday. The stock has a market capitalization of $59.54 billion, a P/E ratio of 23.51, a P/E/G ratio of 3.74 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $27.58. The company’s fifty day moving average is $23.51 and its two-hundred day moving average is $21.32.

Kinder Morgan (NYSE:KMI) last issued 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 firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current 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 issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.29%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Analyst Ratings Changes

Several brokerages have recently weighed in on KMI. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Argus upgraded 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. Barclays lifted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued 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 $25.09.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 0.00 % 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 19,121 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

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.