Thrivent Financial for Lutherans Has $13.01 Million Position in Kinder Morgan, Inc. $KMI

Thrivent Financial for Lutherans decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 459,448 shares of the pipeline company’s stock after selling 27,027 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kinder Morgan were worth $13,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Davis Capital Management acquired a new position in Kinder Morgan during the 3rd quarter worth approximately $1,426,000. Carnegie Investment Counsel boosted its holdings in Kinder Morgan by 9.8% during the third quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock worth $21,382,000 after purchasing an additional 67,274 shares during the last quarter. Vise Technologies Inc. bought a new position in Kinder Morgan in the second quarter valued at $1,713,000. Community Financial Services Group LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at $1,683,000. Finally, Westwood Holdings Group Inc. lifted its position in Kinder Morgan by 9.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 7,058,772 shares of the pipeline company’s stock worth $207,528,000 after buying an additional 616,679 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the business’s 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 completion of the sale, the vice president owned 201,204 shares in the company, valued at $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. The trade was a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,498 shares of company stock worth $1,107,462 over the last three months. Insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of several analyst reports. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. TD Cowen raised their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Finally, Scotiabank boosted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

Kinder Morgan Stock Down 0.9%

KMI stock opened at $30.05 on Thursday. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $30.57. The business’s 50 day simple moving average is $27.77 and its 200 day simple moving average is $27.34. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $66.85 billion, a PE ratio of 21.93, a PEG ratio of 2.49 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 18.04% and a return on equity of 9.02%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Kinder Morgan 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.