Bruni J V & Co. Co. Has $37.51 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Bruni J V & Co. Co. lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,698,139 shares of the pipeline company's stock after selling 18,133 shares during the period. Kinder Morgan accounts for about 4.2% of Bruni J V & Co. Co.'s portfolio, making the stock its 8th largest position. Bruni J V & Co. Co. owned 0.08% of Kinder Morgan worth $37,512,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the third quarter worth $28,000. Planning Capital Management Corp boosted its holdings in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 797 shares during the last quarter. HM Payson & Co. boosted its holdings in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 1,145 shares during the last quarter. HWG Holdings LP bought a new position in Kinder Morgan in the second quarter valued at about $30,000. Finally, ZRC Wealth Management LLC bought a new position in Kinder Morgan in the third quarter valued at about $36,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Up 1.0 %

Kinder Morgan stock traded up $0.29 during midday trading on Tuesday, reaching $28.07. The stock had a trading volume of 15,443,278 shares, compared to its average volume of 13,888,622. The firm's fifty day simple moving average is $24.12 and its 200-day simple moving average is $21.64. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.15. The stock has a market capitalization of $62.36 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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 company had revenue of $3.70 billion during 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 earned $0.25 earnings per share. As a group, analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company's stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now owns 897,652 shares of the company's stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KMI. Royal Bank of Canada raised their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Tuesday, October 22nd. Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. UBS Group raised their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday. Barclays raised their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Finally, Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.36.

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.