Gilman Hill Asset Management LLC Reduces Position in Kinder Morgan Inc (NYSE:KMI)

Gilman Hill Asset Management LLC cut its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,144 shares of the pipeline company’s stock after selling 1,391 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Kinder Morgan were worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Baugh & Associates LLC grew its holdings in shares of Kinder Morgan by 0.3% during the second quarter. Baugh & Associates LLC now owns 189,197 shares of the pipeline company’s stock valued at $3,950,000 after buying an additional 495 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Kinder Morgan by 2.7% in the second quarter. SeaCrest Wealth Management LLC now owns 18,851 shares of the pipeline company’s stock valued at $394,000 after purchasing an additional 497 shares during the last quarter. Osborn Williams & Donohoe LLC boosted its holdings in Kinder Morgan by 1.2% in the second quarter. Osborn Williams & Donohoe LLC now owns 41,993 shares of the pipeline company’s stock valued at $877,000 after purchasing an additional 500 shares during the last quarter. Lantz Financial LLC boosted its holdings in Kinder Morgan by 0.6% in the third quarter. Lantz Financial LLC now owns 78,779 shares of the pipeline company’s stock valued at $1,589,000 after purchasing an additional 504 shares during the last quarter. Finally, First Bank & Trust boosted its holdings in Kinder Morgan by 10.7% in the second quarter. First Bank & Trust now owns 5,229 shares of the pipeline company’s stock valued at $109,000 after purchasing an additional 507 shares during the last quarter. 61.76% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Deborah Macdonald bought 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $19.91 per share, with a total value of $99,550.00. Following the purchase, the director now directly owns 30,328 shares in the company, valued at approximately $603,830.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 71,944 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the transaction, the vice president now owns 204,605 shares of the company’s stock, valued at approximately $4,102,330.25. The disclosure for this sale can be found here. Over the last three months, insiders have bought 705,000 shares of company stock worth $14,007,550. Corporate insiders own 13.95% of the company’s stock.

KMI stock opened at $20.02 on Friday. The company’s 50-day simple moving average is $20.42 and its 200-day simple moving average is $20.34. The company has a quick ratio of 0.33, a current ratio of 0.35 and a debt-to-equity ratio of 0.93. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $21.50. The firm has a market cap of $45.43 billion, a P/E ratio of 22.49, a PEG ratio of 4.18 and a beta of 0.81.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The company’s revenue was down 8.6% compared to the same quarter last year. On average, analysts anticipate that Kinder Morgan Inc will post 0.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Wednesday, October 30th. Kinder Morgan’s payout ratio is currently 112.36%.

Several equities research analysts have commented on the stock. Scotiabank assumed coverage on shares of Kinder Morgan in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target on the stock. TD Securities assumed coverage on shares of Kinder Morgan in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price target on the stock. Scotia Howard Weill assumed coverage on shares of Kinder Morgan in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target on the stock. Raymond James lowered shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price target on the stock. in a report on Wednesday, June 26th. Finally, Argus lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Kinder Morgan has an average rating of “Hold” and an average price target of $22.11.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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