Duff & Phelps Investment Management Co. Has $36.91 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Duff & Phelps Investment Management Co. lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,670,981 shares of the pipeline company's stock after selling 27,217 shares during the period. Duff & Phelps Investment Management Co. owned about 0.08% of Kinder Morgan worth $36,912,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KMI. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan in the third quarter worth $28,000. HWG Holdings LP bought a new position in Kinder Morgan in the second quarter worth about $30,000. Planning Capital Management Corp boosted its stake 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 period. Strategic Financial Concepts LLC bought a new position in shares of Kinder Morgan during the second quarter valued at approximately $31,000. Finally, HM Payson & Co. lifted its holdings in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company's stock, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 727,263 shares of company stock valued at $18,075,634 over the last three months. Insiders own 12.81% of the company's stock.

Kinder Morgan Price Performance

Kinder Morgan stock traded down $0.67 during midday trading on Monday, hitting $27.10. The company's stock had a trading volume of 12,134,383 shares, compared to its average volume of 13,805,750. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.81. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $60.21 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 4.00 and a beta of 0.94. The stock's 50-day moving average price is $25.77 and its 200-day moving average price is $22.43.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. Analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 100.88%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upped their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada upped their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Finally, UBS Group increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Friday. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

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.