Private Trust Co. NA Purchases 2,044 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Private Trust Co. NA boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,870 shares of the pipeline company’s stock after acquiring an additional 2,044 shares during the period. Private Trust Co. NA’s holdings in Kinder Morgan were worth $837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC lifted its position in Kinder Morgan by 3.8% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 103,592 shares of the pipeline company’s stock valued at $2,288,000 after purchasing an additional 3,807 shares during the period. Truvestments Capital LLC raised its stake in shares of Kinder Morgan by 0.3% during the third quarter. Truvestments Capital LLC now owns 161,134 shares of the pipeline company’s stock worth $3,559,000 after buying an additional 533 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Kinder Morgan by 104.0% in the third quarter. Brown Brothers Harriman & Co. now owns 20,834 shares of the pipeline company’s stock valued at $460,000 after acquiring an additional 10,621 shares during the last quarter. Independent Advisor Alliance grew its holdings in Kinder Morgan by 7.4% during the 3rd quarter. Independent Advisor Alliance now owns 80,580 shares of the pipeline company’s stock worth $1,780,000 after acquiring an additional 5,553 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Kinder Morgan by 4.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 11,311 shares of the pipeline company’s stock valued at $250,000 after acquiring an additional 527 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.09 on Wednesday. The company has a fifty day moving average price of $24.82 and a 200 day moving average price of $21.97. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The firm has a market cap of $62.39 billion, a PE ratio of 24.64, a PEG ratio of 4.01 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KMI shares. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their price target on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

Kinder Morgan Profile

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.