Curi RMB Capital LLC Boosts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Curi RMB Capital LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 691,613 shares of the pipeline company’s stock after acquiring an additional 7,289 shares during the quarter. Curi RMB Capital LLC’s holdings in Kinder Morgan were worth $15,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Vanguard Group Inc. grew its holdings in Kinder Morgan by 15.8% during the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after purchasing an additional 27,254,172 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Kinder Morgan by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after acquiring an additional 257,658 shares during the period. Clearbridge Investments LLC grew its stake in shares of Kinder Morgan by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock worth $204,319,000 after acquiring an additional 2,125,648 shares during the period. Energy Income Partners LLC increased its holdings in Kinder Morgan by 2.6% in the 1st quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock worth $196,558,000 after acquiring an additional 272,648 shares during the last quarter. Finally, First Pacific Advisors LP raised its stake in Kinder Morgan by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company’s stock valued at $162,913,000 after acquiring an additional 163,294 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

KMI has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Scotiabank boosted their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. UBS Group increased their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Bank of America assumed coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.09.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $26.80 on Thursday. The firm has a 50-day moving average of $23.61 and a two-hundred day moving average of $21.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $27.58. The stock has a market cap of $59.54 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 3.74 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.29%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.