Metis Global Partners LLC Sells 22,211 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Metis Global Partners LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 11.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,984 shares of the pipeline company’s stock after selling 22,211 shares during the period. Metis Global Partners LLC’s holdings in Kinder Morgan were worth $3,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in shares of Kinder Morgan in the first quarter valued at about $100,000. Bleakley Financial Group LLC lifted its position in shares of Kinder Morgan by 5.3% during the 1st quarter. Bleakley Financial Group LLC now owns 27,027 shares of the pipeline company’s stock worth $496,000 after buying an additional 1,360 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Kinder Morgan by 14.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 192,079 shares of the pipeline company’s stock valued at $3,523,000 after acquiring an additional 24,396 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Kinder Morgan by 7.2% during the first quarter. Kingsview Wealth Management LLC now owns 86,140 shares of the pipeline company’s stock valued at $1,580,000 after acquiring an additional 5,774 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in Kinder Morgan by 5.0% during the first quarter. Blair William & Co. IL now owns 640,765 shares of the pipeline company’s stock worth $11,752,000 after acquiring an additional 30,692 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Trading Down 0.1 %

NYSE:KMI opened at $26.77 on Friday. The stock has a market cap of $59.46 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 3.69 and a beta of 0.91. The company’s 50 day moving average price is $23.61 and its 200-day moving average price is $21.36. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $27.58. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KMI shares. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research report on Friday, October 18th. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Barclays upped their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 19,121 shares of the business’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 directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the firm’s 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 directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.

Kinder Morgan Company 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.