Catalyst Capital Advisors LLC cut its holdings in Kinder Morgan Inc (NYSE:KMI) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 465,230 shares of the pipeline company’s stock after selling 36,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in Kinder Morgan were worth $8,249,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KMI. Xact Kapitalforvaltning AB boosted its holdings in Kinder Morgan by 1.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 220,048 shares of the pipeline company’s stock valued at $3,888,000 after purchasing an additional 2,940 shares during the period. Calamos Advisors LLC boosted its holdings in Kinder Morgan by 13.5% in the 2nd quarter. Calamos Advisors LLC now owns 273,755 shares of the pipeline company’s stock valued at $4,837,000 after purchasing an additional 32,520 shares during the period. Smithbridge Asset Management Inc. DE bought a new position in Kinder Morgan in the 2nd quarter valued at $729,000. World Asset Management Inc boosted its holdings in Kinder Morgan by 3.0% in the 2nd quarter. World Asset Management Inc now owns 122,558 shares of the pipeline company’s stock valued at $2,166,000 after purchasing an additional 3,608 shares during the period. Finally, Amalgamated Bank boosted its holdings in Kinder Morgan by 3.3% in the 2nd quarter. Amalgamated Bank now owns 244,582 shares of the pipeline company’s stock valued at $4,322,000 after purchasing an additional 7,762 shares during the period. 60.65% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Richard D. Kinder acquired 500,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were purchased at an average price of $17.55 per share, for a total transaction of $8,775,000.00. Following the completion of the transaction, the insider now owns 235,212,353 shares of the company’s stock, valued at $4,127,976,795.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.16% of the stock is currently owned by insiders.

KMI has been the subject of several analyst reports. Credit Suisse Group initiated coverage on shares of Kinder Morgan in a report on Thursday, October 11th. They issued an “outperform” rating and a $23.00 price target for the company. Goldman Sachs Group initiated coverage on shares of Kinder Morgan in a report on Monday, October 8th. They issued a “conviction-buy” rating and a $24.00 price target for the company. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. ValuEngine raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Finally, Barclays set a $21.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a report on Friday, October 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.73.

NYSE:KMI traded down $0.04 during trading hours on Thursday, reaching $16.90. The company’s stock had a trading volume of 2,276,715 shares, compared to its average volume of 14,548,179. Kinder Morgan Inc has a 1 year low of $14.69 and a 1 year high of $19.83. The stock has a market cap of $38.54 billion, a PE ratio of 25.61, a PEG ratio of 2.36 and a beta of 0.69. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 1.00.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Kinder Morgan had a net margin of 0.78% and a return on equity of 5.51%. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts anticipate that Kinder Morgan Inc will post 0.87 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Tuesday, October 30th. Kinder Morgan’s payout ratio is 121.21%.

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Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

Further Reading: Book Value Per Share – BVPS

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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