Kinder Morgan, Inc. $KMI Stake Cut by Natixis Advisors LLC

Natixis Advisors LLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 903,577 shares of the pipeline company’s stock after selling 18,567 shares during the quarter. Natixis Advisors LLC’s holdings in Kinder Morgan were worth $25,580,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. CoreFirst Bank & Trust purchased a new position in Kinder Morgan during the second quarter valued at approximately $35,000. Private Wealth Management Group LLC increased its stake in Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares during the period. Westside Investment Management Inc. lifted its position in Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,032 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at $40,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.0%

KMI stock opened at $32.96 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $34.24. The company has a fifty day simple moving average of $30.39 and a 200 day simple moving average of $28.24. The firm has a market cap of $73.33 billion, a PE ratio of 24.06, a PEG ratio of 3.07 and a beta of 0.68.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMI. Jefferies Financial Group upped their price target on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Scotiabank lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Mizuho boosted their target price on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Morgan Stanley upped their target price on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, UBS Group reissued a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $33.08.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the sale, the vice president owned 188,872 shares of the company’s stock, valued at $6,359,320.24. This represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the transaction, the vice president owned 100,146 shares in the company, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 46,498 shares of company stock worth $1,418,248. Insiders own 12.73% of the company’s stock.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.