Oppenheimer & Co. Inc. Reduces Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Oppenheimer & Co. Inc. cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,313 shares of the pipeline company’s stock after selling 10,434 shares during the period. Oppenheimer & Co. Inc.’s holdings in Kinder Morgan were worth $11,654,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Kinder Morgan by 30.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 121,106 shares of the pipeline company’s stock valued at $2,639,000 after buying an additional 28,278 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Kinder Morgan by 0.7% in the third quarter. Nisa Investment Advisors LLC now owns 215,737 shares of the pipeline company’s stock valued at $4,766,000 after acquiring an additional 1,500 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Kinder Morgan by 17.2% during the third quarter. Pallas Capital Advisors LLC now owns 21,542 shares of the pipeline company’s stock worth $476,000 after purchasing an additional 3,155 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Kinder Morgan by 12.5% during the third quarter. Pinnacle Associates Ltd. now owns 124,665 shares of the pipeline company’s stock worth $2,754,000 after purchasing an additional 13,823 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of Kinder Morgan by 100.1% during the third quarter. JFS Wealth Advisors LLC now owns 2,277 shares of the pipeline company’s stock worth $50,000 after purchasing an additional 1,139 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of KMI opened at $26.23 on Friday. The firm has a market capitalization of $58.28 billion, a PE ratio of 22.42, a P/E/G ratio of 3.08 and a beta of 0.94. The stock’s 50 day moving average is $27.76 and its two-hundred day moving average is $25.45. Kinder Morgan, Inc. has a twelve month low of $17.02 and a twelve month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.38%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,504,136 over the last 90 days. Company insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays increased their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

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.