Wealthfront Advisers LLC Decreases Stake in Kinder Morgan, Inc. $KMI

Wealthfront Advisers LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 401,450 shares of the pipeline company’s stock after selling 29,183 shares during the quarter. Wealthfront Advisers LLC’s holdings in Kinder Morgan were worth $11,365,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. The trade was a 12.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William A. Smith purchased 3,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the acquisition, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 38,498 shares of company stock valued at $1,126,515 in the last quarter. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 0.1%

Kinder Morgan stock opened at $31.03 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.54. The company has a 50-day simple moving average of $28.06 and a 200-day simple moving average of $27.44. The firm has a market capitalization of $69.03 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.55 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the business posted $0.30 EPS. Kinder Morgan’s revenue was up 13.1% on a year-over-year basis. As a group, equities analysts expect 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 given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMI. Mizuho cut their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Jefferies Financial Group boosted their price objective on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Morgan Stanley reiterated a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. Finally, Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average 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.