Robeco Institutional Asset Management B.V. Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,980,625 shares of the pipeline company's stock after selling 32,759 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of Kinder Morgan worth $43,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KMI. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the third quarter valued at about $28,000. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan in the first quarter valued at $30,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan in the 2nd quarter worth $30,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kinder Morgan during the second quarter valued at $31,000. Finally, HM Payson & Co. raised its holdings in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after buying an additional 1,145 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KMI. 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. Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They set a "buy" rating and a $27.00 price objective on the stock. Royal Bank of Canada upped 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. Stifel Nicolaus raised their price target 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, Argus raised Kinder Morgan from a "hold" rating to a "buy" rating and set a $24.00 target price on the stock in a research report on Friday, July 19th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.09.

Kinder Morgan Stock Performance

NYSE:KMI traded up $1.63 during mid-day trading on Wednesday, hitting $26.34. 27,280,391 shares of the stock were exchanged, compared to its average volume of 14,217,664. 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 firm's 50-day simple moving average is $23.07 and its 200 day simple moving average is $21.08. Kinder Morgan, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $26.58. The stock has a market capitalization of $58.52 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91.

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). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. Kinder Morgan's revenue was down 5.3% on a year-over-year basis. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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 issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is 100.88%.

Insider Activity

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Amy W. Chronis acquired 2,241 shares of the firm's stock in a transaction dated 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 acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Dax Sanders sold 1,729 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares of the company's stock, valued at $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by 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.