XML Financial LLC Sells 6,090 Shares of Kinder Morgan, Inc. (NYSE:KMI)

XML Financial LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 307,990 shares of the pipeline company’s stock after selling 6,090 shares during the quarter. XML Financial LLC’s holdings in Kinder Morgan were worth $6,803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oxbow Advisors LLC boosted its holdings in shares of Kinder Morgan by 0.7% in the 3rd quarter. Oxbow Advisors LLC now owns 458,876 shares of the pipeline company’s stock valued at $10,137,000 after buying an additional 3,017 shares in the last quarter. Objective Capital Management LLC acquired a new position in shares of Kinder Morgan during the third quarter worth $207,000. Assetmark Inc. lifted its holdings in shares of Kinder Morgan by 50.6% during the 3rd quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock valued at $95,000 after purchasing an additional 1,450 shares during the last quarter. Carson Advisory Inc. grew its stake in Kinder Morgan by 3.4% during the 3rd quarter. Carson Advisory Inc. now owns 15,901 shares of the pipeline company’s stock worth $351,000 after buying an additional 522 shares during the last quarter. Finally, SpiderRock Advisors LLC raised its stake in Kinder Morgan by 4.0% in the third quarter. SpiderRock Advisors LLC now owns 104,535 shares of the pipeline company’s stock valued at $2,309,000 after buying an additional 4,028 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Up 1.8 %

Shares of Kinder Morgan stock opened at $26.88 on Friday. The firm has a 50-day simple moving average of $23.28 and a two-hundred day simple moving average of $21.17. The company has a market cap of $59.72 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 3.63 and a beta of 0.91. Kinder Morgan, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $27.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last released its quarterly 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 analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.28%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. Scotiabank boosted their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research report on Friday, October 18th. Wells Fargo & Company boosted their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.09.

Insider Buying and Selling

In other news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred 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 sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 710,992 shares of company stock worth $17,619,823. Insiders own 12.64% of the company’s stock.

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.