Vontobel Holding Ltd. Has $593,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Vontobel Holding Ltd. lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,831 shares of the pipeline company’s stock after selling 662 shares during the quarter. Vontobel Holding Ltd.’s holdings in Kinder Morgan were worth $593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. HWG Holdings LP bought a new stake in Kinder Morgan in the 2nd quarter valued at $30,000. ZRC Wealth Management LLC bought a new position in shares of Kinder Morgan in the third quarter valued at about $36,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter worth about $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the 1st quarter worth about $31,000. Finally, AlphaMark Advisors LLC grew its stake in Kinder Morgan by 92.5% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock valued at $38,000 after buying an additional 925 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the transaction, the president now directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Thomas A. Martin sold 100,000 shares of the business’s 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 owns 916,773 shares in the company, valued at $19,261,400.73. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 in the last quarter. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.8 %

Shares of KMI opened at $24.75 on Tuesday. The firm has a 50 day simple moving average of $22.19 and a two-hundred day simple moving average of $20.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan, Inc. has a one year low of $15.91 and a one year high of $25.43. The company has a market cap of $54.92 billion, a P/E ratio of 22.50, a P/E/G ratio of 3.27 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KMI shares. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 19th. Wells Fargo & Company lifted their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. UBS Group upped their price target on shares of Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.27.

About Kinder Morgan

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.