Amalgamated Bank Has $7.77 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Amalgamated Bank lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 391,186 shares of the pipeline company’s stock after selling 12,231 shares during the period. Amalgamated Bank’s holdings in Kinder Morgan were worth $7,773,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. L & S Advisors Inc bought a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $3,263,000. Plancorp LLC raised its stake in shares of Kinder Morgan by 5.6% in the second quarter. Plancorp LLC now owns 17,212 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 920 shares in the last quarter. Sargent Investment Group LLC lifted its position in Kinder Morgan by 22.6% in the second quarter. Sargent Investment Group LLC now owns 85,094 shares of the pipeline company’s stock worth $1,691,000 after purchasing an additional 15,660 shares during the period. Edgestream Partners L.P. acquired a new stake in Kinder Morgan during the second quarter worth $213,000. Finally, Excalibur Management Corp increased its holdings in Kinder Morgan by 1.2% in the 2nd quarter. Excalibur Management Corp now owns 79,079 shares of the pipeline company’s stock valued at $1,571,000 after buying an additional 925 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock worth $3,121,891 over the last 90 days. 12.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on KMI shares. Scotiabank lifted their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Stifel Nicolaus lifted their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Barclays increased their target price on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.55.

Kinder Morgan Stock Down 0.1 %

Shares of NYSE KMI opened at $21.59 on Friday. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The firm’s 50-day simple moving average is $21.13 and its 200 day simple moving average is $19.68. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The company has a market cap of $47.92 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. Kinder Morgan’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, research analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.33%. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Kinder Morgan Company Profile

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.