Oppenheimer & Co. Inc. Has $11.23 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Oppenheimer & Co. Inc. trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 396,724 shares of the pipeline company’s stock after selling 31,655 shares during the period. Oppenheimer & Co. Inc.’s holdings in Kinder Morgan were worth $11,231,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. LFA Lugano Financial Advisors SA bought a new position in Kinder Morgan during the second quarter valued at about $26,000. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan in the 2nd quarter valued at approximately $35,000. Private Wealth Management Group LLC lifted its holdings in Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares during the last quarter. Westside Investment Management Inc. boosted its position in Kinder Morgan by 314.6% during the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,032 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Kinder Morgan during the second quarter valued at approximately $40,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $31.03 on Tuesday. The firm has a market capitalization of $69.03 billion, a PE ratio of 22.65, a PEG ratio of 2.51 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.12. The business’s 50 day moving average is $27.98 and its 200-day moving average is $27.41.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.Kinder Morgan’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan’s payout ratio is presently 85.40%.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the sale, the vice president directly owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,498 shares of company stock worth $1,126,515 over the last quarter. Company insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of a number of analyst reports. TD Cowen boosted their price objective 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. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. UBS Group reaffirmed a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Scotiabank boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada raised their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $32.38.

About Kinder Morgan

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.