Sigma Planning Corp Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Sigma Planning Corp lowered its holdings in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 22.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,402 shares of the pipeline company’s stock after selling 25,207 shares during the period. Sigma Planning Corp’s holdings in Kinder Morgan were worth $1,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fairfield Bush & CO. purchased a new position in shares of Kinder Morgan during the 1st quarter valued at $93,000. American Century Companies Inc. lifted its position in shares of Kinder Morgan by 12.3% during the 1st quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock valued at $1,739,000 after buying an additional 10,079 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Kinder Morgan by 48,564.7% during the 1st quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock valued at $156,000 after buying an additional 8,256 shares during the last quarter. Synovus Financial Corp lifted its position in shares of Kinder Morgan by 1.6% during the 1st quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock valued at $1,705,000 after buying an additional 1,408 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Kinder Morgan during the 1st quarter valued at $263,000. Hedge funds and other institutional investors own 62.33% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $17.21 on Wednesday. The firm has a market capitalization of $38.24 billion, a P/E ratio of 16.08, a P/E/G ratio of 4.87 and a beta of 0.95. The company has a quick ratio of 0.30, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. The stock’s 50-day simple moving average is $17.58 and its two-hundred day simple moving average is $17.22. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.64.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. Kinder Morgan’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.2825 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.57%. Kinder Morgan’s dividend payout ratio is currently 105.61%.

Insider Activity

In other news, VP Dax Sanders sold 50,000 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $17.63, for a total transaction of $881,500.00. Following the transaction, the vice president now directly owns 309,069 shares in the company, valued at approximately $5,448,886.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Dax Sanders sold 50,000 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $17.63, for a total transaction of $881,500.00. Following the transaction, the vice president now directly owns 309,069 shares in the company, valued at approximately $5,448,886.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Denise R. Mathews sold 30,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $17.55, for a total value of $526,500.00. Following the transaction, the vice president now owns 79,217 shares in the company, valued at $1,390,258.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,500 shares of company stock worth $1,543,000. 12.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on Kinder Morgan in a research report on Thursday, October 5th. They set a “buy” rating and a $20.00 price target on the stock. Pickering Energy Partners initiated coverage on Kinder Morgan in a report on Tuesday, October 3rd. They set a “neutral” rating on the stock. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, US Capital Advisors raised Kinder Morgan from a “hold” rating to an “overweight” rating in a report on Friday, November 17th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.50.

Check Out Our Latest Stock Report on Kinder Morgan

About Kinder Morgan

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.

Further Reading

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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