150,676 Kinder Morgan, Inc. $KMI Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,809,327 shares of the pipeline company’s stock after selling 150,676 shares during the period. Kinder Morgan makes up 0.8% of Maryland State Retirement & Pension System’s investment portfolio, making the stock its 19th largest holding. Maryland State Retirement & Pension System’s holdings in Kinder Morgan were worth $54,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. boosted its stake in Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 328 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth about $28,000. Bell Investment Advisors Inc increased its position in shares of Kinder Morgan by 112.1% during the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Finally, Robinswood Financial LLC purchased a new stake in shares of Kinder Morgan in the 1st quarter valued at about $34,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president owned 47,313 shares in the company, valued at $1,592,082.45. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $31.00, for a total value of $192,200.00. Following the sale, the vice president owned 158,008 shares of the company’s stock, valued at $4,898,248. This trade represents a 3.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 9,300 shares of company stock valued at $292,098. 12.72% of the stock is owned by company insiders.

Kinder Morgan Trading Up 1.2%

NYSE KMI opened at $31.57 on Thursday. The firm’s fifty day moving average is $32.02 and its two-hundred day moving average is $32.15. Kinder Morgan, Inc. has a one year low of $26.24 and a one year high of $34.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.55 and a current ratio of 0.67. The firm has a market cap of $70.32 billion, a PE ratio of 19.49, a P/E/G ratio of 2.17 and a beta of 0.58.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts expect that Kinder Morgan, Inc. will post 1.57 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 2nd. Kinder Morgan’s dividend payout ratio (DPR) is presently 73.46%.

Analyst Ratings Changes

KMI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Argus boosted their price objective on Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada increased their price objective on Kinder Morgan from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Wednesday, October 28th. Capital One Financial began coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They set an “equal weight” rating and a $36.00 target price on the stock. Finally, TD Cowen raised their target price on shares of Kinder Morgan from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.15.

About Kinder Morgan

Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada. The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.