RMB Capital Management LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,419 shares of the pipeline company’s stock after selling 76,037 shares during the period. RMB Capital Management LLC’s holdings in Kinder Morgan were worth $3,544,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of KMI. FMR LLC increased its stake in Kinder Morgan by 12.0% during the 1st quarter. FMR LLC now owns 1,037,820 shares of the pipeline company’s stock worth $20,767,000 after buying an additional 111,096 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $1,246,000. Nwam LLC boosted its holdings in shares of Kinder Morgan by 39.0% during the 2nd quarter. Nwam LLC now owns 16,905 shares of the pipeline company’s stock worth $256,000 after purchasing an additional 4,739 shares during the last quarter. FDx Advisors Inc. boosted its holdings in shares of Kinder Morgan by 2.9% during the 2nd quarter. FDx Advisors Inc. now owns 57,061 shares of the pipeline company’s stock worth $866,000 after purchasing an additional 1,625 shares during the last quarter. Finally, M&G Investment Management Ltd. acquired a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $154,000. Institutional investors own 60.63% of the company’s stock.
In other news, Director William A. Smith purchased 7,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were bought at an average cost of $13.96 per share, for a total transaction of $97,720.00. Following the completion of the purchase, the director now directly owns 28,087 shares of the company’s stock, valued at $392,094.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.19% of the stock is owned by corporate insiders.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Kinder Morgan had a return on equity of 6.07% and a net margin of 1.02%. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 0.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 16th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend was Friday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is 110.53%.
Several research analysts have recently weighed in on KMI shares. The Goldman Sachs Group upgraded Kinder Morgan from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $14.00 to $13.00 in a report on Wednesday, October 14th. Credit Suisse Group lowered their target price on Kinder Morgan from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Piper Sandler lowered their target price on Kinder Morgan from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Capital One Financial started coverage on Kinder Morgan in a report on Wednesday, October 21st. They set an “equal weight” rating on the stock. Finally, US Capital Advisors cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $17.53.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company 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 liquefaction and storage facilities.
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