Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 48.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,376 shares of the pipeline company’s stock after selling 13,545 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Kinder Morgan were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KMI. Baxter Bros Inc. increased its stake in shares of Kinder Morgan by 1.6% in the third quarter. Baxter Bros Inc. now owns 89,161 shares of the pipeline company’s stock worth $1,970,000 after acquiring an additional 1,387 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Kinder Morgan by 1.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,531,624 shares of the pipeline company’s stock valued at $33,834,000 after buying an additional 17,343 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at about $301,000. Private Wealth Partners LLC grew its holdings in Kinder Morgan by 3.1% during the third quarter. Private Wealth Partners LLC now owns 310,795 shares of the pipeline company’s stock worth $6,865,000 after acquiring an additional 9,456 shares during the period. Finally, Argonautica Private Wealth Management Inc. raised its position in Kinder Morgan by 1.1% during the third quarter. Argonautica Private Wealth Management Inc. now owns 99,569 shares of the pipeline company’s stock valued at $2,199,000 after acquiring an additional 1,075 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMI. Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Barclays upped their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research report on Friday, October 18th. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.09.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $24.49 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm’s 50 day moving average price is $22.91 and its 200-day moving average price is $21.00. Kinder Morgan, Inc. has a one year low of $16.17 and a one year high of $25.43. The firm has a market cap of $54.41 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.03 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last posted its earnings results 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). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.70%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Kinder Morgan Company Profile

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.