Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 68.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,746,558 shares of the pipeline company’s stock after purchasing an additional 710,840 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Kinder Morgan worth $38,581,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan during the first quarter valued at approximately $30,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan during the second quarter worth approximately $30,000. Planning Capital Management Corp grew its holdings in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Kinder Morgan during the 2nd quarter valued at $31,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Stifel Nicolaus boosted their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Barclays lifted their price target on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group upped their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

Kinder Morgan Trading Down 0.1 %

NYSE:KMI opened at $28.07 on Friday. 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 company has a market capitalization of $62.36 billion, a P/E ratio of 24.62, a P/E/G ratio of 4.04 and a beta of 0.91. The stock’s 50 day moving average price is $25.08 and its 200 day moving average price is $22.05. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.81.

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

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were 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 directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Corporate 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.