Swiss Life Asset Management Ltd Has $43.86 Million Stake in Kinder Morgan, Inc. $KMI

Swiss Life Asset Management Ltd lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,549,126 shares of the pipeline company’s stock after selling 21,226 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Kinder Morgan were worth $43,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $308,000. Schnieders Capital Management LLC. increased its stake in Kinder Morgan by 11.4% in the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after purchasing an additional 7,081 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Kinder Morgan by 34.9% in the second quarter. Avantax Advisory Services Inc. now owns 134,493 shares of the pipeline company’s stock valued at $3,954,000 after purchasing an additional 34,828 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Kinder Morgan by 22.5% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 21,440 shares of the pipeline company’s stock worth $630,000 after purchasing an additional 3,936 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after purchasing an additional 3,070,609 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Down 1.9%

Shares of KMI stock opened at $32.63 on Thursday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $34.24. 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 firm has a fifty day moving average of $31.08 and a 200-day moving average of $28.50. The company has a market capitalization of $72.59 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 3.07 and a beta of 0.68.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. As a group, 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 company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s payout ratio is 85.40%.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th. TD Cowen lifted their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. Royal Bank Of Canada increased their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Finally, Scotiabank raised their price target on Kinder Morgan from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.46.

Insider Activity at Kinder Morgan

In other news, 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 completion of the transaction, the vice president directly owned 100,146 shares of the company’s stock, valued at $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.30, for a total value of $51,615.00. Following the completion of the sale, the vice president directly owned 46,393 shares in the company, valued at approximately $1,544,886.90. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,048 shares of company stock valued at $1,469,863 over the last ninety days. Company insiders own 12.73% of the company’s stock.

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.