Trading Report: Today: Girard Partners LTD. Reduces Stake in Kinder Morgan Inc. (KMI)

Today: Girard Partners LTD. Reduces Stake in Kinder Morgan Inc. (KMI)

Girard Partners LTD. lowered its position in Kinder Morgan Inc. (NYSE:KMI) by 11.7% during the third quarter, Holdings Channel reports. The fund owned 31,026 shares of the company’s stock after selling 4,113 shares during the period. Girard Partners LTD.’s holdings in Kinder Morgan were worth $718,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KMI. Hudock Capital Group LLC boosted its position in shares of Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company’s stock worth $100,000 after buying an additional 576 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Kinder Morgan by 3.4% in the third quarter. Quadrant Capital Group LLC now owns 5,593 shares of the company’s stock worth $119,000 after buying an additional 182 shares during the last quarter. IndexIQ Advisors LLC boosted its position in shares of Kinder Morgan by 114.4% in the third quarter. IndexIQ Advisors LLC now owns 6,263 shares of the company’s stock worth $145,000 after buying an additional 3,342 shares during the last quarter. Stelac Advisory Services LLC boosted its position in shares of Kinder Morgan by 45.4% in the second quarter. Stelac Advisory Services LLC now owns 8,339 shares of the company’s stock worth $156,000 after buying an additional 2,602 shares during the last quarter. Finally, Hallmark Capital Management Inc. acquired a new position in shares of Kinder Morgan during the second quarter worth about $157,000. Institutional investors own 54.05% of the company’s stock.

Kinder Morgan Inc. (NYSE:KMI) traded down 1.490% during mid-day trading on Monday, reaching $21.485. 4,003,335 shares of the company traded hands. The company’s market capitalization is $47.96 billion. The stock has a 50 day moving average price of $20.96 and a 200-day moving average price of $20.28. Kinder Morgan Inc. has a 52-week low of $11.20 and a 52-week high of $23.99.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.25. The company earned $3.33 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Kinder Morgan had a positive return on equity of 4.69% and a negative net margin of 1.13%. Kinder Morgan’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. Analysts expect that Kinder Morgan Inc. will post $0.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were issued a $0.125 dividend. The ex-dividend date was Friday, October 28th. This represents a $0.50 dividend on an annualized basis and a yield of 2.29%. Kinder Morgan’s dividend payout ratio is currently -416.67%.

A number of equities analysts have issued reports on KMI shares. Stifel Nicolaus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and cut their target price for the stock from $25.00 to $24.00 in a research report on Thursday, October 20th. They noted that the move was a valuation call. Vetr upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.41 target price for the company in a research report on Thursday, August 25th. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, September 20th. Goldman Sachs Group Inc. set a $24.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research report on Thursday, October 20th. Finally, Barclays PLC set a $25.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research report on Thursday, October 20th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.32.

In other news, Director Fayez Sarofim acquired 700,000 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The shares were purchased at an average price of $21.41 per share, for a total transaction of $14,987,000.00. Following the completion of the acquisition, the director now owns 29,142,387 shares of the company’s stock, valued at approximately $623,938,505.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.97% of the stock is owned by corporate insiders.

About Kinder Morgan

Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.

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