Korea Investment CORP Has $39.74 Million Holdings in Kinder Morgan, Inc. $KMI

Korea Investment CORP lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 23.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,403,808 shares of the pipeline company’s stock after selling 441,690 shares during the period. Korea Investment CORP’s holdings in Kinder Morgan were worth $39,742,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Golden State Equity Partners boosted its holdings in shares of Kinder Morgan by 2.2% during the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after purchasing an additional 368 shares during the period. Fiduciary Financial Group LLC increased its stake in Kinder Morgan by 2.6% in the 3rd quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock valued at $437,000 after buying an additional 392 shares during the period. MBM Wealth Consultants LLC increased its stake in Kinder Morgan by 2.8% in the 2nd quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock valued at $425,000 after buying an additional 393 shares during the period. L2 Asset Management LLC lifted its position in Kinder Morgan by 4.8% in the 2nd quarter. L2 Asset Management LLC now owns 8,689 shares of the pipeline company’s stock worth $255,000 after buying an additional 401 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake in shares of Kinder Morgan by 11.1% during the 3rd quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company’s stock valued at $114,000 after buying an additional 401 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.8%

Shares of KMI stock opened at $33.30 on Tuesday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $34.24. The company has a market cap of $74.08 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 3.09 and a beta of 0.68. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $30.28 and its two-hundred day moving average is $28.20.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given 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 yield of 3.5%. Kinder Morgan’s payout ratio is currently 85.40%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KMI shares. Scotiabank upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. TD Cowen upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.08.

Insider Activity

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the transaction, the vice president directly owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total value of $255,600.00. Following the transaction, the vice president directly owned 100,146 shares of the company’s stock, valued at $3,199,664.70. This represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,498 shares of company stock valued at $1,418,248 over the last three months. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Profile

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.