Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Increased by Raymond James Trust N.A.

Raymond James Trust N.A. lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 9.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,546 shares of the pipeline company’s stock after acquiring an additional 7,573 shares during the quarter. Raymond James Trust N.A.’s holdings in Kinder Morgan were worth $1,978,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan in the third quarter worth $28,000. Planning Capital Management Corp boosted its holdings in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the period. HM Payson & Co. grew its position in shares of Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 shares during the last quarter. Activest Wealth Management lifted its holdings in Kinder Morgan by 63.0% in the third quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock worth $33,000 after acquiring an additional 571 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in Kinder Morgan in the second quarter valued at approximately $30,000. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $28.49 on Friday. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.81. The firm has a market capitalization of $63.29 billion, a PE ratio of 24.99, a P/E/G ratio of 4.11 and a beta of 0.91. The company’s 50 day simple moving average is $24.56 and its 200 day simple moving average is $21.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.04%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KMI shares. UBS Group increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company raised their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Finally, Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.36.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and 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.