MetLife Investment Management LLC Sells 12,932 Shares of Kinder Morgan, Inc. (NYSE:KMI)

MetLife Investment Management LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.5% in the third quarter, HoldingsChannel.com reports. The fund owned 502,224 shares of the pipeline company’s stock after selling 12,932 shares during the period. MetLife Investment Management LLC’s holdings in Kinder Morgan were worth $11,094,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KMI. CreativeOne Wealth LLC lifted its position in shares of Kinder Morgan by 35.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 109,321 shares of the pipeline company’s stock worth $2,415,000 after purchasing an additional 28,388 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Kinder Morgan in the third quarter worth about $10,183,000. Glenmede Trust Co. NA lifted its holdings in Kinder Morgan by 6.0% in the third quarter. Glenmede Trust Co. NA now owns 582,196 shares of the pipeline company’s stock worth $12,861,000 after buying an additional 32,916 shares during the period. Freedom Investment Management Inc. bought a new stake in Kinder Morgan during the 3rd quarter valued at approximately $207,000. Finally, Townsquare Capital LLC grew its holdings in shares of Kinder Morgan by 33.4% during the 3rd quarter. Townsquare Capital LLC now owns 66,248 shares of the pipeline company’s stock worth $1,463,000 after acquiring an additional 16,604 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KMI shares. Wells Fargo & Company lifted their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Barclays upped their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. UBS Group lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

Kinder Morgan Stock Down 0.1 %

KMI stock opened at $28.07 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The stock has a market capitalization of $62.36 billion, a P/E ratio of 24.62, a P/E/G ratio of 4.04 and a beta of 0.91. The business has a fifty day moving average price of $25.08 and a 200-day moving average price of $22.05.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business 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%. During the same period last year, the firm posted $0.25 EPS. Kinder Morgan’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

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.