ING Groep NV Sells 494,414 Shares of Kinder Morgan, Inc. (NYSE:KMI)

ING Groep NV cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 67.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 237,955 shares of the pipeline company's stock after selling 494,414 shares during the quarter. ING Groep NV's holdings in Kinder Morgan were worth $5,256,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sargent Investment Group LLC boosted its stake in shares of Kinder Morgan by 2.6% during the 3rd quarter. Sargent Investment Group LLC now owns 87,339 shares of the pipeline company's stock worth $1,929,000 after acquiring an additional 2,245 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Kinder Morgan by 10.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 87,736 shares of the pipeline company's stock worth $1,938,000 after acquiring an additional 8,120 shares in the last quarter. Curi RMB Capital LLC boosted its stake in shares of Kinder Morgan by 1.1% during the 3rd quarter. Curi RMB Capital LLC now owns 691,613 shares of the pipeline company's stock worth $15,278,000 after acquiring an additional 7,289 shares in the last quarter. Planning Capital Management Corp boosted its stake in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after acquiring an additional 797 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Kinder Morgan by 0.5% during the 3rd quarter. KBC Group NV now owns 237,353 shares of the pipeline company's stock worth $5,243,000 after acquiring an additional 1,265 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KMI shares. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. Argus raised Kinder Morgan from a "hold" rating to a "buy" rating and set a $24.00 price objective for the company in a research report on Friday, July 19th. UBS Group lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Friday. Stifel Nicolaus lifted their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, August 27th. Finally, Barclays lifted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.36.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded up $0.51 during trading on Friday, reaching $27.27. The company's stock had a trading volume of 12,426,307 shares, compared to its average volume of 13,872,368. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The business's fifty day moving average price is $23.84 and its 200-day moving average price is $21.46. The firm has a market cap of $60.58 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.69 and a beta of 0.91. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $27.58.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly 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 firm had revenue of $3.70 billion during 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 company's revenue was down 5.3% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.22%. Kinder Morgan's dividend payout ratio (DPR) is presently 100.88%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction 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. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Profile

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.