Bahl & Gaynor Inc. Sells 166,739 Shares of Kinder Morgan, Inc. $KMI

Bahl & Gaynor Inc. cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,540,250 shares of the pipeline company’s stock after selling 166,739 shares during the quarter. Bahl & Gaynor Inc. owned about 0.20% of Kinder Morgan worth $128,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan in the 2nd quarter valued at about $26,000. CoreFirst Bank & Trust acquired a new stake in Kinder Morgan in the 2nd quarter valued at about $35,000. Private Wealth Management Group LLC grew its holdings in Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares during the period. Westside Investment Management Inc. raised its stake in Kinder Morgan by 314.6% in the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,032 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at approximately $40,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Up 0.5%

Shares of KMI stock opened at $33.23 on Monday. The stock has a market cap of $73.93 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 2.74 and a beta of 0.68. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $33.35. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock has a 50 day simple moving average of $29.50 and a 200 day simple moving average of $27.90.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.5%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Insider Activity

In related news, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $30.09, for a total transaction of $185,534.94. Following the completion of the transaction, the vice president directly owned 195,038 shares in the company, valued at $5,868,693.42. This trade represents a 3.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 46,498 shares of company stock valued at $1,382,115. Corporate insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMI. TD Cowen boosted their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group reissued a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.54.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.