Confluence Investment Management LLC Reduces Position in Kinder Morgan, Inc. $KMI

Confluence Investment Management LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,637,035 shares of the pipeline company’s stock after selling 156,811 shares during the period. Kinder Morgan comprises 1.5% of Confluence Investment Management LLC’s holdings, making the stock its 25th biggest holding. Confluence Investment Management LLC owned approximately 0.16% of Kinder Morgan worth $99,982,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Advocates LLC bought a new position in shares of Kinder Morgan during the third quarter valued at approximately $32,000. CoreFirst Bank & Trust bought a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $35,000. Private Wealth Management Group LLC boosted its holdings in Kinder Morgan by 94.9% during the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after acquiring an additional 595 shares during the period. Westside Investment Management Inc. boosted its holdings 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 valued at $38,000 after acquiring an additional 1,032 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Kinder Morgan in the 2nd quarter valued at $40,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $33.42 on Friday. The company has a market capitalization of $74.35 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.01 and a beta of 0.68. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $34.24. The business’s fifty day simple moving average is $31.20 and its 200-day simple moving average is $28.54.

Kinder Morgan (NYSE:KMI) last released 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. 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 the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders 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 annualized dividend and a dividend yield of 3.5%. Kinder Morgan’s payout ratio is currently 85.40%.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent analyst reports. Mizuho increased their target price on Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. UBS Group restated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. TD Cowen raised their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group lifted their price objective on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Finally, Scotiabank boosted their price objective on shares of Kinder Morgan from $30.00 to $31.00 and gave the company a “sector perform” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.46.

Insider Transactions at Kinder Morgan

In related news, CFO David Patrick Michels sold 20,000 shares of the business’s 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 completion of the transaction, the chief financial officer owned 139,428 shares of the company’s stock, valued at $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total value of $255,600.00. Following the sale, the vice president owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. This represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 48,048 shares of company stock worth $1,469,863. Insiders own 12.73% of the company’s stock.

Kinder Morgan Company 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.