Motco Sells 627 Shares of Kinder Morgan Inc (NYSE:KMI)

Motco reduced its position in shares of Kinder Morgan Inc (NYSE:KMI) by 19.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,550 shares of the pipeline company’s stock after selling 627 shares during the quarter. Motco’s holdings in Kinder Morgan were worth $53,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KMI. Vanguard Group Inc. raised its position in shares of Kinder Morgan by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 163,647,617 shares of the pipeline company’s stock valued at $3,416,963,000 after purchasing an additional 1,577,219 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Kinder Morgan by 4.4% during the 2nd quarter. Northern Trust Corp now owns 23,092,598 shares of the pipeline company’s stock valued at $482,174,000 after purchasing an additional 970,639 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Kinder Morgan by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 19,756,052 shares of the pipeline company’s stock valued at $412,506,000 after purchasing an additional 1,047,033 shares in the last quarter. Energy Income Partners LLC increased its holdings in shares of Kinder Morgan by 4.9% during the 2nd quarter. Energy Income Partners LLC now owns 17,262,613 shares of the pipeline company’s stock valued at $360,443,000 after purchasing an additional 812,350 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. increased its holdings in shares of Kinder Morgan by 85.4% during the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 12,328,127 shares of the pipeline company’s stock valued at $257,411,000 after purchasing an additional 5,679,805 shares in the last quarter. Institutional investors and hedge funds own 62.00% of the company’s stock.

KMI traded up $0.32 on Wednesday, hitting $20.39. The company had a trading volume of 7,733,591 shares, compared to its average volume of 13,652,172. The firm has a market cap of $45.37 billion, a P/E ratio of 22.90, a PEG ratio of 4.19 and a beta of 0.80. Kinder Morgan Inc has a 1 year low of $14.62 and a 1 year high of $21.50. The company’s fifty day moving average price is $20.31 and its 200 day moving average price is $20.39. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.93.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Kinder Morgan had a net margin of 15.21% and a return on equity of 6.25%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. On average, analysts predict that Kinder Morgan Inc will post 0.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.00 annualized dividend and a yield of 4.91%. Kinder Morgan’s dividend payout ratio (DPR) is currently 112.36%.

Several equities analysts have recently weighed in on the stock. SunTrust Banks cut their target price on shares of Kinder Morgan from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Argus cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. BMO Capital Markets cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a research note on Monday, July 29th. Goldman Sachs Group cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Thursday, October 24th. Finally, ValuEngine cut shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.98.

In other Kinder Morgan news, insider Richard D. Kinder purchased 400,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $19.95 per share, for a total transaction of $7,980,000.00. Following the completion of the purchase, the insider now directly owns 241,579,496 shares of the company’s stock, valued at $4,819,510,945.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Deborah Macdonald purchased 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $19.91 per share, for a total transaction of $99,550.00. Following the completion of the purchase, the director now directly owns 30,328 shares of the company’s stock, valued at $603,830.48. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,605,000 shares of company stock worth $32,052,550. 13.95% of the stock is owned by insiders.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

Read More: Understanding Analyst Recommendations

Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan Inc (NYSE:KMI).

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.