Metis Global Partners LLC Has $3.76 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Metis Global Partners LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,984 shares of the pipeline company's stock after selling 22,211 shares during the period. Metis Global Partners LLC's holdings in Kinder Morgan were worth $3,755,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KMI. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan in the third quarter valued at $28,000. Planning Capital Management Corp increased its position in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after purchasing an additional 797 shares during the last quarter. HM Payson & Co. lifted its position in shares of Kinder Morgan by 401.8% during the third 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. HWG Holdings LP bought a new position in Kinder Morgan during the 2nd quarter worth approximately $30,000. Finally, ZRC Wealth Management LLC bought a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $36,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded up $0.51 during trading hours on Friday, hitting $27.27. 12,380,365 shares of the company's stock traded hands, 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 company has a market cap of $60.58 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 3.69 and a beta of 0.91. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $27.58. The company's fifty day simple moving average is $23.72 and its two-hundred day simple moving average is $21.40.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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). 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business's revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's dividend payout ratio is 100.88%.

Insider Activity

In other news, 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 owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 6,809,858 shares in the company, valued at approximately $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. 12.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $20.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. Royal Bank of Canada increased their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus upped their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus price target of $25.36.

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.