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

Chevy Chase Trust Holdings LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.3% in the third quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KMI. CoreFirst Bank & Trust acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth about $35,000. Private Wealth Management Group LLC grew its holdings in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after buying an additional 595 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Kinder Morgan by 314.6% in the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,032 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $40,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.2%

KMI stock opened at $33.33 on Tuesday. The company has a market cap of $74.14 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.08 and a beta of 0.68. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $30.84 and a 200-day simple moving average of $28.43. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $34.24.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend 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

Several analysts have commented on KMI shares. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday. Morgan Stanley increased their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Scotiabank upped their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.38.

Insider Transactions at Kinder Morgan

In other news, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William A. Smith bought 3,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 46,498 shares of company stock valued at $1,418,248. 12.73% of the stock is currently owned by company insiders.

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.