Cullen Frost Bankers Inc. cut its holdings in Kinder Morgan Inc (NYSE:KMI) by 13.1% in the third quarter, Holdings Channel.com reports. The fund owned 87,963 shares of the pipeline company’s stock after selling 13,276 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Kinder Morgan were worth $1,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. acquired a new position in shares of Kinder Morgan during the second quarter worth approximately $32,000. River & Mercantile Asset Management LLP acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at about $33,000. Bartlett & Co. LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at about $37,000. Citizens Financial Group Inc RI boosted its holdings in shares of Kinder Morgan by 35.4% in the 3rd quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock valued at $39,000 after buying an additional 503 shares during the period. Finally, Atwater Malick LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 61.98% of the company’s stock.

A number of equities research analysts have commented on the stock. Scotiabank assumed coverage on shares of Kinder Morgan in a report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price objective on the stock. BMO Capital Markets lowered shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a report on Monday, July 29th. TD Securities assumed coverage on shares of Kinder Morgan in a report on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective on the stock. Argus lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Wolfe Research raised shares of Kinder Morgan from an “underperform” rating to a “peer perform” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Kinder Morgan has an average rating of “Hold” and an average price target of $21.98.

In related news, VP Thomas A. Martin sold 20,733 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $20.65, for a total transaction of $428,136.45. Following the transaction, the vice president now directly owns 908,974 shares in the company, valued at approximately $18,770,313.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Richard D. Kinder purchased 300,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of $20.01 per share, for a total transaction of $6,003,000.00. Following the completion of the transaction, the chairman now owns 242,479,496 shares in the company, valued at $4,852,014,714.96. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,305,000 shares of company stock worth $26,061,550. Corporate insiders own 13.95% of the company’s stock.

Kinder Morgan stock remained flat at $$20.04 during trading hours on Friday. 6,389,641 shares of the company’s stock were exchanged, compared to its average volume of 11,834,891. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.35 and a quick ratio of 0.29. Kinder Morgan Inc has a 52 week low of $14.62 and a 52 week high of $21.50. The company has a market cap of $46.48 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80. The business’s fifty day moving average price is $20.38 and its 200 day moving average price is $20.39.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Kinder Morgan had a net margin of 15.21% and a return on equity of 6.25%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts forecast that Kinder Morgan Inc will post 0.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.99%. Kinder Morgan’s payout ratio is presently 112.36%.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 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.

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

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