Universal Beteiligungs und Servicegesellschaft mbH Has $23.11 Million Holdings in Kinder Morgan, Inc. $KMI

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 27.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 816,336 shares of the pipeline company’s stock after selling 304,726 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Kinder Morgan were worth $23,110,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV grew its holdings in Kinder Morgan by 14.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock valued at $83,000 after purchasing an additional 357 shares during the last quarter. L.M. Kohn & Company boosted its holdings in shares of Kinder Morgan by 3.4% during the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after buying an additional 360 shares during the period. Golden State Equity Partners grew its stake in Kinder Morgan by 2.2% in the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after buying an additional 368 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after buying an additional 374 shares during the last quarter. Finally, QTR Family Wealth LLC raised its holdings in Kinder Morgan by 2.7% in the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock worth $423,000 after acquiring an additional 377 shares during the period. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Richard D. Kinder acquired 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were bought at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares in the company, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $507,462. Company insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KMI shares. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Stifel Nicolaus raised their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Morgan Stanley set a $35.00 price target on Kinder Morgan in a report on Thursday. Mizuho reduced their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Read Our Latest Stock Analysis on KMI

Key Kinder Morgan News

Here are the key news stories impacting Kinder Morgan this week:

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $29.67 on Friday. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.30. The firm has a market capitalization of $66.01 billion, a PE ratio of 21.66, a PEG ratio of 2.31 and a beta of 0.69. The business’s 50 day moving average is $27.23 and its 200-day moving average is $27.22. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.06% and a net margin of 18.04%.Kinder Morgan’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is 95.90%.

Kinder Morgan Profile

(Free Report)

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.

See Also

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

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.