Valley Brook Capital Group Inc. Sells 1,064 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Valley Brook Capital Group Inc. lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,557 shares of the pipeline company’s stock after selling 1,064 shares during the period. Valley Brook Capital Group Inc.’s holdings in Kinder Morgan were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Jmac Enterprises LLC raised its stake in shares of Kinder Morgan by 4.8% during the 3rd quarter. Jmac Enterprises LLC now owns 17,500 shares of the pipeline company’s stock worth $387,000 after purchasing an additional 800 shares during the period. Principal Financial Group Inc. grew its stake in Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares in the last quarter. Bridgewater Advisors Inc. raised its holdings in Kinder Morgan by 13.1% during the 3rd quarter. Bridgewater Advisors Inc. now owns 15,661 shares of the pipeline company’s stock valued at $346,000 after acquiring an additional 1,813 shares during the period. Graypoint LLC lifted its position in shares of Kinder Morgan by 28.0% during the third quarter. Graypoint LLC now owns 25,447 shares of the pipeline company’s stock worth $562,000 after acquiring an additional 5,561 shares in the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the third quarter worth $212,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Down 0.3 %

KMI stock traded down $0.07 during trading on Thursday, hitting $26.28. 1,730,614 shares of the company traded hands, compared to its average volume of 13,824,325. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The company has a 50-day moving average of $23.07 and a 200-day moving average of $21.08. The firm has a market capitalization of $58.38 billion, a PE ratio of 23.11, a P/E/G ratio of 3.05 and a beta of 0.91. Kinder Morgan, Inc. has a 1 year low of $16.17 and a 1 year high of $26.58.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.38%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Analysts Set New Price Targets

KMI has been the topic of a number of analyst reports. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. UBS Group upped their price target on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 19th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Wells Fargo & Company raised 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. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.09.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is owned by insiders.

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.