Bank of Montreal Can Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Bank of Montreal Can raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,485,834 shares of the pipeline company’s stock after purchasing an additional 164,152 shares during the period. Bank of Montreal Can’s holdings in Kinder Morgan were worth $163,116,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the 3rd quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new position in shares of Kinder Morgan during the first quarter valued at approximately $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan during the second quarter worth approximately $30,000. Planning Capital Management Corp grew its stake in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan during the second quarter worth $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Royal Bank of Canada lifted their price target 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. Finally, Barclays upped their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.36.

Kinder Morgan Stock Down 2.3 %

KMI stock opened at $27.84 on Tuesday. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.81. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $61.85 billion, a P/E ratio of 24.42, a PEG ratio of 4.10 and a beta of 0.91. The firm has a 50 day simple moving average of $24.69 and a 200-day simple moving average of $21.90.

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

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insider Buying and Selling

In other news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.81% of the stock is currently owned by company insiders.

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.