Kinder Morgan, Inc. $KMI Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 23.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,403,808 shares of the pipeline company’s stock after selling 441,690 shares during the quarter. Korea Investment CORP owned 0.06% of Kinder Morgan worth $39,742,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Equity Partners grew its stake in shares of Kinder Morgan by 2.2% in the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after purchasing an additional 368 shares in the last quarter. Fiduciary Financial Group LLC raised its stake in shares of Kinder Morgan by 2.6% during the third quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock valued at $437,000 after purchasing an additional 392 shares in the last quarter. MBM Wealth Consultants LLC lifted its holdings in Kinder Morgan by 2.8% in the second quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock worth $425,000 after purchasing an additional 393 shares during the period. L2 Asset Management LLC grew its position in Kinder Morgan by 4.8% in the 2nd quarter. L2 Asset Management LLC now owns 8,689 shares of the pipeline company’s stock valued at $255,000 after buying an additional 401 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its position in Kinder Morgan by 11.1% in the 3rd quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company’s stock valued at $114,000 after buying an additional 401 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, Director William A. Smith acquired 3,000 shares of the stock in a transaction on Monday, February 2nd. The shares were purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the transaction, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total transaction of $207,609.22. Following the sale, the vice president directly owned 188,872 shares in the company, valued at approximately $6,359,320.24. This trade represents a 3.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 46,498 shares of company stock worth $1,418,248 over the last three months. 12.73% of the stock is owned by insiders.

Kinder Morgan Trading Down 0.8%

NYSE:KMI opened at $33.30 on Tuesday. The stock has a fifty day simple moving average of $30.28 and a 200 day simple moving average of $28.20. The firm has a market capitalization of $74.08 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 3.09 and a beta of 0.68. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $34.24. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $4.33 billion. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.5%. Kinder Morgan’s payout ratio is currently 85.40%.

Analysts Set New Price Targets

Several equities analysts have commented on KMI shares. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. TD Cowen increased their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Finally, Mizuho increased their price target on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.08.

Kinder Morgan Company 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.