Cookson Peirce & Co. Inc. Sells 1,405,450 Shares of Kinder Morgan, Inc. $KMI

Cookson Peirce & Co. Inc. cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 98.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,134 shares of the pipeline company’s stock after selling 1,405,450 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Kinder Morgan were worth $457,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KMI. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. CoreFirst Bank & Trust bought a new position in Kinder Morgan in the second quarter valued at $35,000. Private Wealth Management Group LLC increased its stake in Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares during the last quarter. Westside Investment Management Inc. lifted its position in Kinder Morgan by 314.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,032 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the 2nd quarter worth about $40,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $32.30 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $71.86 billion, a P/E ratio of 23.58, a P/E/G ratio of 2.61 and a beta of 0.70. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $32.34. The stock has a 50 day moving average of $28.31 and a 200-day moving average of $27.53.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s payout ratio is presently 85.40%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William A. Smith acquired 3,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were bought at an average price of $29.75 per share, with a total value of $89,250.00. Following the completion of the transaction, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. The trade was a 10.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 38,498 shares of company stock worth $1,126,515. Insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. UBS Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Scotiabank upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Morgan Stanley reissued a “buy” rating on shares of Kinder Morgan in a research note on Friday, January 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

About Kinder Morgan

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.