Fisher Asset Management LLC Sells 4,636 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Fisher Asset Management LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 26.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,136 shares of the pipeline company’s stock after selling 4,636 shares during the period. Fisher Asset Management LLC’s holdings in Kinder Morgan were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of KMI. Daiwa Securities Group Inc. boosted its position in Kinder Morgan by 17.7% during the third quarter. Daiwa Securities Group Inc. now owns 270,880 shares of the pipeline company’s stock valued at $5,983,000 after purchasing an additional 40,811 shares in the last quarter. Summit Trail Advisors LLC grew its position in shares of Kinder Morgan by 13.1% in the 3rd quarter. Summit Trail Advisors LLC now owns 28,578 shares of the pipeline company’s stock worth $631,000 after buying an additional 3,317 shares during the last quarter. Centaurus Financial Inc. raised its stake in shares of Kinder Morgan by 30.6% during the 3rd quarter. Centaurus Financial Inc. now owns 11,947 shares of the pipeline company’s stock worth $264,000 after acquiring an additional 2,796 shares in the last quarter. StoneX Group Inc. lifted its position in Kinder Morgan by 3.2% during the third quarter. StoneX Group Inc. now owns 93,962 shares of the pipeline company’s stock valued at $2,076,000 after acquiring an additional 2,893 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in Kinder Morgan by 1.0% in the third quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock valued at $1,221,000 after acquiring an additional 521 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

NYSE:KMI opened at $28.27 on Monday. The firm’s fifty day moving average is $25.20 and its two-hundred day moving average is $22.15. The firm has a market cap of $62.81 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 4.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $28.81.

Kinder Morgan (NYSE:KMI) last issued its 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 company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. Stifel Nicolaus boosted their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

Kinder Morgan 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.