Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,484,559 shares of the pipeline company's stock after selling 62,443 shares during the period. Kinder Morgan comprises about 1.3% of Confluence Investment Management LLC's portfolio, making the stock its 26th largest position. Confluence Investment Management LLC owned approximately 0.20% of Kinder Morgan worth $99,064,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Kinder Morgan by 15.8% during the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company's stock valued at $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kinder Morgan by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company's stock worth $335,891,000 after buying an additional 257,658 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Kinder Morgan by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company's stock worth $204,319,000 after acquiring an additional 2,125,648 shares in the last quarter. Energy Income Partners LLC lifted its position in Kinder Morgan by 2.6% during the first quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company's stock valued at $196,558,000 after acquiring an additional 272,648 shares during the last quarter. Finally, First Pacific Advisors LP boosted its stake in Kinder Morgan by 2.0% in the second quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company's stock valued at $162,913,000 after acquiring an additional 163,294 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company's stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 710,992 shares of company stock worth $17,619,823. 12.81% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.47 during mid-day trading on Friday, hitting $26.88. The company's stock had a trading volume of 17,380,261 shares, compared to its average volume of 13,893,891. The business's fifty day moving average is $23.28 and its two-hundred day moving average is $21.17. The stock has a market cap of $59.72 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 3.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1 year low of $16.17 and a 1 year high of $27.00.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the business earned $0.25 earnings per share. The firm's revenue was down 5.3% on a year-over-year basis. Analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 100.88%.

Analysts Set New Price Targets

KMI has been the subject of several analyst reports. Argus upgraded Kinder Morgan from a "hold" rating to a "buy" rating and set a $24.00 price objective for the company in a report on Friday, July 19th. Royal Bank of Canada raised their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group reissued a "conviction-buy" rating on shares of Kinder Morgan in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.09.

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.