Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Fiduciary Financial Group LLC

by · The Markets Daily

Fiduciary Financial Group LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,088 shares of the pipeline company’s stock after selling 618 shares during the period. Fiduciary Financial Group LLC’s holdings in Kinder Morgan were worth $453,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KMI. Dimensional Fund Advisors LP raised its stake in shares of Kinder Morgan by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after acquiring an additional 257,658 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after buying an additional 69,307 shares during the last quarter. Barclays PLC lifted its holdings in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the last quarter. Marshall Wace LLP lifted its holdings in Kinder Morgan by 20.6% during the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after buying an additional 1,328,082 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after buying an additional 164,152 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director C Park Shaper sold 690,142 shares of the business’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 sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 745,263 shares of company stock worth $18,578,014. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $29.12 on Wednesday. The stock has a market capitalization of $64.69 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $29.29. The stock’s 50-day moving average price is $27.47 and its 200 day moving average price is $23.91. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly 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). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm earned $0.25 EPS. The business’s revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America assumed coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Barclays boosted their target price on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Check Out Our Latest Stock Report on Kinder Morgan

About Kinder Morgan

(Free Report)

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.

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