Swiss Life Asset Management Ltd Has $43.86 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Swiss Life Asset Management Ltd lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,549,126 shares of the pipeline company’s stock after selling 21,226 shares during the quarter. Swiss Life Asset Management Ltd owned approximately 0.07% of Kinder Morgan worth $43,856,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $308,000. Schnieders Capital Management LLC. raised its stake in shares of Kinder Morgan by 11.4% in the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after acquiring an additional 7,081 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Kinder Morgan by 34.9% in the 2nd quarter. Avantax Advisory Services Inc. now owns 134,493 shares of the pipeline company’s stock worth $3,954,000 after acquiring an additional 34,828 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in Kinder Morgan by 22.5% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 21,440 shares of the pipeline company’s stock worth $630,000 after acquiring an additional 3,936 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after purchasing an additional 3,070,609 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Down 1.9%

KMI stock opened at $32.63 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $34.24. The company has a market cap of $72.59 billion, a P/E ratio of 23.82, a PEG ratio of 3.07 and a beta of 0.68. The business has a fifty day moving average of $31.08 and a 200-day moving average of $28.50.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s payout ratio is currently 85.40%.

Insider Activity at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.30, for a total transaction of $51,615.00. Following the completion of the sale, the vice president directly owned 46,393 shares of the company’s stock, valued at $1,544,886.90. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $255,600.00. Following the completion of the transaction, the vice president owned 100,146 shares in the company, valued at $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,048 shares of company stock worth $1,469,863 over the last 90 days. Insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Finally, UBS Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $33.46.

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.