Natixis Advisors LLC Sells 18,567 Shares of Kinder Morgan, Inc. $KMI

Natixis Advisors LLC reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 903,577 shares of the pipeline company’s stock after selling 18,567 shares during the quarter. Natixis Advisors LLC’s holdings in Kinder Morgan were worth $25,580,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KMI. CoreFirst Bank & Trust bought a new stake in Kinder Morgan during the 2nd quarter valued at approximately $35,000. Private Wealth Management Group LLC increased its position in Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after buying an additional 595 shares during the period. Westside Investment Management Inc. increased its position in Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,032 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the second quarter worth approximately $40,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of Kinder Morgan in the second quarter valued at approximately $41,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KMI. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. UBS Group reissued a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Scotiabank boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Finally, Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $33.08.

Kinder Morgan Stock Down 1.0%

Shares of KMI opened at $32.96 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $30.39 and a two-hundred day moving average price of $28.24. The stock has a market cap of $73.33 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 3.07 and a beta of 0.68. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $34.24.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is 85.40%.

Insider Buying and Selling

In other news, Director William A. Smith purchased 3,000 shares of Kinder Morgan stock in a transaction on Monday, February 2nd. The shares were purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the transaction, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the sale, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 46,498 shares of company stock valued at $1,418,248. 12.73% of the stock is owned by insiders.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.