Thrivent Financial for Lutherans Sells 27,027 Shares of Kinder Morgan, Inc. $KMI

Thrivent Financial for Lutherans lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 459,448 shares of the pipeline company’s stock after selling 27,027 shares during the period. Thrivent Financial for Lutherans’ holdings in Kinder Morgan were worth $13,007,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $308,000. Grimes & Company Inc. grew its position in Kinder Morgan by 3.9% in the 2nd quarter. Grimes & Company Inc. now owns 13,274 shares of the pipeline company’s stock worth $390,000 after purchasing an additional 503 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Kinder Morgan by 2.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 40,027 shares of the pipeline company’s stock worth $1,177,000 after purchasing an additional 805 shares during the period. Belpointe Asset Management LLC raised its position in shares of Kinder Morgan by 6.1% during the second quarter. Belpointe Asset Management LLC now owns 27,194 shares of the pipeline company’s stock valued at $800,000 after buying an additional 1,557 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in shares of Kinder Morgan by 2.4% in the second quarter. KLP Kapitalforvaltning AS now owns 820,784 shares of the pipeline company’s stock valued at $24,131,000 after buying an additional 19,200 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director William A. Smith bought 3,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the purchase, the director owned 31,087 shares in the company, valued at $924,838.25. This represents a 10.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated 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 transaction, the vice president directly owned 201,204 shares of the company’s stock, valued at $5,531,097.96. This represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,498 shares of company stock valued at $1,107,462 in the last three months. Corporate insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMI shares. TD Cowen boosted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. UBS Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Morgan Stanley reiterated a “buy” rating on shares of Kinder Morgan in a research note on Friday, January 30th. Finally, Jefferies Financial Group increased their price objective on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.38.

Kinder Morgan Stock Down 0.9%

Shares of NYSE:KMI opened at $30.05 on Thursday. The company’s fifty day moving average is $27.77 and its 200-day moving average is $27.34. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $30.57. The company has a market capitalization of $66.85 billion, a PE ratio of 21.93, a P/E/G ratio of 2.49 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal 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 dividend of $0.2925 per share. The ex-dividend date is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.9%. Kinder Morgan’s dividend payout ratio is 85.40%.

Kinder Morgan Company Profile

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.