Kinder Morgan, Inc. (NYSE:KMI) Holdings Trimmed by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 579,594 shares of the pipeline company's stock after selling 63,547 shares during the period. Kinder Morgan makes up approximately 5.0% of Investment Management Associates Inc. ADV's portfolio, making the stock its 10th largest position. Investment Management Associates Inc. ADV's holdings in Kinder Morgan were worth $12,803,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan during the 1st quarter worth about $30,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan during the second quarter valued at approximately $31,000. Finally, HM Payson & Co. grew its position in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,145 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Amy W. Chronis purchased 2,241 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company's stock, valued at $597,235.55. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director C Park Shaper sold 690,142 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were bought 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 owns 23,995 shares of the company's stock, valued at $597,235.55. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.64% of the company's stock.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.09 on Tuesday, reaching $27.18. 14,737,697 shares of the stock were exchanged, compared to its average volume of 13,906,864. The stock has a market cap of $60.38 billion, a PE ratio of 23.92, a PEG ratio of 3.70 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $16.34 and a twelve month high of $27.58. The firm has a fifty day moving average price of $23.39 and a two-hundred day moving average price of $21.26.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.23%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is 100.88%.

Analyst Ratings Changes

KMI has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. Scotiabank raised their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 17th. The Goldman Sachs Group reissued a "conviction-buy" rating on shares of Kinder Morgan in a report on Friday, October 18th. Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a "buy" rating and a $27.00 target price for the company. Finally, Stifel Nicolaus increased their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, August 27th. 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's stock. According to MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $25.09.

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.