Financial Counselors Inc. Cuts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Financial Counselors Inc. reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,027 shares of the pipeline company’s stock after selling 418 shares during the quarter. Financial Counselors Inc.’s holdings in Kinder Morgan were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. SignalPoint Asset Management LLC lifted its holdings in Kinder Morgan by 1.5% during the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after acquiring an additional 447 shares during the period. Moors & Cabot Inc. lifted its holdings in Kinder Morgan by 0.3% during the third quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock worth $3,193,000 after acquiring an additional 468 shares during the period. Trust Co. of Oklahoma lifted its holdings in Kinder Morgan by 1.5% during the third quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock worth $742,000 after acquiring an additional 486 shares during the period. Pinnacle West Asset Management Inc. lifted its holdings in Kinder Morgan by 0.5% during the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock worth $2,124,000 after acquiring an additional 500 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in Kinder Morgan by 1.0% during the third quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock worth $1,221,000 after acquiring an additional 521 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director C Park Shaper sold 690,142 shares of the business’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 completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $28.27 on Monday. The stock has a 50-day moving average price of $25.20 and a 200-day moving average price of $22.15. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $28.81. 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 capitalization of $62.81 billion, a P/E ratio of 24.80, a PEG ratio of 4.07 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s payout ratio is currently 100.88%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KMI shares. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Royal Bank of Canada boosted their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, Wells Fargo & Company boosted their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

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.