Ameritas Advisory Services LLC Has $257,000 Holdings in Kinder Morgan, Inc. $KMI

Ameritas Advisory Services LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 68.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,083 shares of the pipeline company’s stock after selling 19,702 shares during the period. Ameritas Advisory Services LLC’s holdings in Kinder Morgan were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Davis Capital Management bought a new position in shares of Kinder Morgan during the third quarter worth about $1,426,000. Meixler Investment Management Ltd. acquired a new stake in Kinder Morgan during the 3rd quarter valued at approximately $1,882,000. Providence Capital Advisors LLC bought a new position in Kinder Morgan during the 3rd quarter worth approximately $2,674,000. Vise Technologies Inc. acquired a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $1,713,000. Finally, Carnegie Investment Counsel boosted its stake in shares of Kinder Morgan by 9.8% in the 3rd quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock valued at $21,382,000 after purchasing an additional 67,274 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.9%

NYSE KMI opened at $32.30 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $32.34. The business has a 50 day moving average price of $28.42 and a 200-day moving average price of $27.55. The company has a market cap of $71.86 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 2.66 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last posted 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 net margin of 18.04% and a return on equity of 9.02%. 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. Kinder Morgan’s revenue was up 13.1% compared to the same quarter last year. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm 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 $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Scotiabank lifted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Jefferies Financial Group boosted their price objective on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, TD Cowen boosted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $32.38.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the transaction, the vice president owned 201,204 shares in the company, valued at $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction that occurred on 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 in the company, valued at approximately $4,182,840. The trade was a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 38,498 shares of company stock valued at $1,126,515. 12.73% of the stock is owned by corporate insiders.

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.