Greenleaf Trust Buys 576 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Greenleaf Trust boosted its holdings in Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,206 shares of the pipeline company’s stock after purchasing an additional 576 shares during the period. Greenleaf Trust’s holdings in Kinder Morgan were worth $825,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in KMI. LS Investment Advisors LLC purchased a new stake in Kinder Morgan in the second quarter worth about $28,000. Quent Capital LLC lifted its stake in shares of Kinder Morgan by 136.2% in the first quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company’s stock worth $31,000 after buying an additional 940 shares in the last quarter. Tilia Fiduciary Partners Inc. lifted its position in Kinder Morgan by 644.5% during the second quarter. Tilia Fiduciary Partners Inc. now owns 1,906 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,650 shares during the period. Citizens National Bank Trust Department lifted its position in Kinder Morgan by 339.4% during the first quarter. Citizens National Bank Trust Department now owns 1,942 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Finally, Tompkins Financial Corp bought a new position in Kinder Morgan during the first quarter valued at approximately $38,000. 61.12% of the stock is owned by institutional investors.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $18.65 on Thursday. The firm has a 50-day moving average price of $17.70 and a 200-day moving average price of $17.98. The firm has a market capitalization of $41.92 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 5.44 and a beta of 0.94. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a 12-month low of $15.01 and a 12-month high of $20.20.

Kinder Morgan (NYSE:KMIGet Rating) last released its earnings results on Wednesday, October 19th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kinder Morgan had a return on equity of 7.97% and a net margin of 13.20%. Kinder Morgan’s revenue was up 35.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.15 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, October 28th. This represents a $1.11 dividend on an annualized basis and a yield of 5.95%. Kinder Morgan’s payout ratio is 100.91%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $18.00, for a total transaction of $27,000.00. Following the transaction, the vice president now owns 24,219 shares of the company’s stock, valued at approximately $435,942. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 14.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KMI shares. The Goldman Sachs Group upgraded shares of Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 price target on the stock in a research report on Wednesday, September 7th. StockNews.com started coverage on shares of Kinder Morgan in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. TD Securities decreased their price target on shares of Kinder Morgan from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. Wells Fargo & Company decreased their price target on shares of Kinder Morgan from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 25th. Finally, Barclays reduced their price objective on shares of Kinder Morgan from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.38.

Kinder Morgan Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

Further Reading

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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