Amalgamated Bank Has $9.24 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Amalgamated Bank lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 488,834 shares of the pipeline company’s stock after selling 35,049 shares during the quarter. Amalgamated Bank’s holdings in Kinder Morgan were worth $9,244,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC grew its position in shares of Kinder Morgan by 1.7% in the first quarter. Moneta Group Investment Advisors LLC now owns 32,893 shares of the pipeline company’s stock valued at $622,000 after purchasing an additional 547 shares during the last quarter. Spectrum Asset Management Inc. NB CA grew its position in shares of Kinder Morgan by 0.4% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 138,559 shares of the pipeline company’s stock valued at $2,620,000 after purchasing an additional 580 shares during the last quarter. Cohen Investment Advisors LLC grew its position in shares of Kinder Morgan by 0.5% in the first quarter. Cohen Investment Advisors LLC now owns 120,838 shares of the pipeline company’s stock valued at $2,285,000 after purchasing an additional 580 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Kinder Morgan by 4.9% in the first quarter. Coldstream Capital Management Inc. now owns 12,594 shares of the pipeline company’s stock valued at $238,000 after purchasing an additional 586 shares during the last quarter. Finally, FinTrust Capital Advisors LLC grew its position in shares of Kinder Morgan by 19.8% in the first quarter. FinTrust Capital Advisors LLC now owns 3,603 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 596 shares during the last quarter. Institutional investors and hedge funds own 61.12% of the company’s stock.

Kinder Morgan Stock Down 2.6 %

Shares of KMI opened at $17.85 on Friday. Kinder Morgan, Inc. has a 52 week low of $15.01 and a 52 week high of $20.20. The stock has a market capitalization of $40.22 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 5.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.42 and a current ratio of 0.52. The stock has a fifty day moving average of $18.03 and a 200-day moving average of $18.31.

Kinder Morgan (NYSE:KMIGet Rating) last announced its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. Kinder Morgan’s revenue was up 63.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend was Friday, July 29th. Kinder Morgan’s dividend payout ratio is currently 103.74%.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 3,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the completion of the transaction, the vice president now directly owns 28,719 shares of the company’s stock, valued at approximately $516,942. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Kinder Morgan news, VP John W. Schlosser sold 3,000 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the completion of the sale, the vice president now directly owns 28,719 shares in the company, valued at approximately $516,942. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the sale, the vice president now owns 27,219 shares of the company’s stock, valued at $521,788.23. The disclosure for this sale can be found here. 14.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KMI has been the topic of a number of analyst reports. The Goldman Sachs Group raised Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 price target on the stock in a research report on Wednesday, September 7th. UBS Group upped their target price on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Barclays upped their target price on Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 16th. US Capital Advisors restated a “hold” rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. Finally, Wells Fargo & Company cut their target price on Kinder Morgan to $20.00 and set an “equal weight” rating for the company in a research note on Friday, May 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

Kinder Morgan Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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