Bruni J V & Co. Co. Has $44.61 Million Position in Kinder Morgan, Inc. $KMI

Bruni J V & Co. Co. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,575,828 shares of the pipeline company’s stock after selling 58,475 shares during the period. Kinder Morgan makes up about 4.5% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 9th largest holding. Bruni J V & Co. Co. owned approximately 0.07% of Kinder Morgan worth $44,612,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of KMI. LFA Lugano Financial Advisors SA purchased a new stake in shares of Kinder Morgan during the second quarter valued at $26,000. CoreFirst Bank & Trust acquired a new stake in Kinder Morgan during the 2nd quarter worth about $35,000. Private Wealth Management Group LLC lifted its stake 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 valued at $35,000 after buying an additional 595 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Kinder Morgan by 314.6% in the third 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 during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the second quarter worth approximately $40,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Up 0.7%

Kinder Morgan stock opened at $32.75 on Friday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $32.77. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The stock has a market cap of $72.87 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.70 and a beta of 0.70. The company’s fifty day simple moving average is $28.86 and its 200-day simple moving average is $27.68.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS 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 issued a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Royal Bank Of Canada increased their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. UBS Group reissued a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Finally, Barclays restated an “overweight” rating on shares of Kinder Morgan in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.38.

Insider Buying and Selling at Kinder Morgan

In other news, VP Anthony B. Ashley sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the transaction, the vice president owned 100,146 shares in the company, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares of the company’s stock, valued at $5,531,097.96. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,498 shares of company stock worth $1,382,115 in the last ninety days. Insiders own 12.73% of the company’s stock.

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.