Kinder Morgan, Inc. $KMI Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 998,179 shares of the pipeline company’s stock after selling 23,182 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Kinder Morgan were worth $28,258,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in KMI. Golden State Equity Partners lifted its position in Kinder Morgan by 2.2% in the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after purchasing an additional 368 shares during the period. Fiduciary Financial Group LLC increased its position in Kinder Morgan by 2.6% during the 3rd quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock worth $437,000 after purchasing an additional 392 shares during the period. MBM Wealth Consultants LLC raised its stake in shares of Kinder Morgan by 2.8% during the 2nd quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock worth $425,000 after buying an additional 393 shares in the last quarter. L2 Asset Management LLC raised its stake in shares of Kinder Morgan by 4.8% during the 2nd quarter. L2 Asset Management LLC now owns 8,689 shares of the pipeline company’s stock worth $255,000 after buying an additional 401 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Kinder Morgan by 11.1% in the 3rd quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company’s stock valued at $114,000 after buying an additional 401 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $33.33 on Tuesday. The stock has a fifty day moving average price of $30.84 and a 200 day moving average price of $28.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The stock has a market cap of $74.14 billion, a PE ratio of 24.32, a P/E/G ratio of 3.08 and a beta of 0.68. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $34.24.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.Kinder Morgan’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Analyst Ratings Changes

A number of research analysts recently weighed in on KMI shares. Jefferies Financial Group upped their price objective on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. TD Cowen upped their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Scotiabank increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. Finally, Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.38.

Insider Buying and Selling at Kinder Morgan

In other news, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the sale, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William A. Smith acquired 3,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $29.75 per share, with a total value of $89,250.00. Following the completion of the purchase, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 46,498 shares of company stock valued at $1,418,248. Insiders own 12.73% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.