Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 656,443 shares of the pipeline company’s stock after purchasing an additional 38,107 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Kinder Morgan were worth $14,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of KMI. Czech National Bank grew its position in shares of Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after buying an additional 25,406 shares during the last quarter. LSV Asset Management purchased a new position in shares of Kinder Morgan in the 1st quarter valued at $8,818,000. Brevan Howard Capital Management LP purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $2,101,000. Duality Advisers LP grew its position in shares of Kinder Morgan by 42.7% in the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after buying an additional 94,984 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Kinder Morgan by 221.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock valued at $4,615,000 after buying an additional 173,313 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KMI. JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Morgan Stanley raised shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price objective on the stock in a research report on Monday, September 16th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Friday, July 19th. Finally, Scotiabank raised their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.80.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock worth $3,121,891 over the last 90 days. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock traded up $0.17 during mid-day trading on Thursday, hitting $23.65. The stock had a trading volume of 7,110,439 shares, compared to its average volume of 13,658,848. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $23.83. The firm has a market cap of $52.49 billion, a PE ratio of 21.34, a PEG ratio of 3.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The company’s 50-day simple moving average is $21.57 and its 200-day simple moving average is $20.16.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same quarter last year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

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.