Oppenheimer & Co. Inc. Sells 54,211 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Oppenheimer & Co. Inc. cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 435,747 shares of the pipeline company's stock after selling 54,211 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Kinder Morgan were worth $9,626,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SignalPoint Asset Management LLC boosted its position in shares of Kinder Morgan by 1.5% during the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company's stock valued at $655,000 after purchasing an additional 447 shares in the last quarter. Trust Co. of Oklahoma increased its stake in shares of Kinder Morgan by 1.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company's stock valued at $742,000 after acquiring an additional 486 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its position in shares of Kinder Morgan by 0.5% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company's stock valued at $2,124,000 after acquiring an additional 500 shares during the period. Carson Advisory Inc. boosted its stake in Kinder Morgan by 3.4% during the third quarter. Carson Advisory Inc. now owns 15,901 shares of the pipeline company's stock worth $351,000 after acquiring an additional 522 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Kinder Morgan by 0.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company's stock worth $3,295,000 after purchasing an additional 530 shares during the period. Institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective 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. Barclays increased their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped 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. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 22nd. Finally, Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a "buy" rating and a $27.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.09.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded down $0.04 during trading hours on Thursday, hitting $26.77. 9,867,520 shares of the company's stock traded hands, compared to its average volume of 13,878,879. The stock has a market capitalization of $59.46 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 3.74 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 12-month low of $16.47 and a 12-month high of $27.58. The company has a fifty day simple moving average of $23.61 and a 200-day simple moving average of $21.36.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share 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 analysts' expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company's revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's payout ratio is currently 100.88%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Martin sold 19,121 shares of the company's 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 completion of the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 2.09 % 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.

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.