Wesbanco Bank Inc. Reduces Stock Position in Kinder Morgan, Inc. $KMI

Wesbanco Bank Inc. decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 10.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,949 shares of the pipeline company’s stock after selling 17,360 shares during the period. Wesbanco Bank Inc.’s holdings in Kinder Morgan were worth $4,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan in the second quarter worth about $26,000. CoreFirst Bank & Trust bought a new stake in Kinder Morgan during the 2nd quarter valued at about $35,000. Private Wealth Management Group LLC boosted its position 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 period. Westside Investment Management Inc. grew its stake in Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,032 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the second quarter worth approximately $40,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 0.1%

Shares of NYSE KMI opened at $31.03 on Wednesday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.54. The stock’s fifty day simple moving average is $28.06 and its two-hundred day simple moving average is $27.44. The stock has a market capitalization of $69.03 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.55 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping 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 period in the prior year, the business posted $0.30 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen boosted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. UBS Group reiterated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Stifel Nicolaus increased their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Insider Activity

In other news, Director William A. Smith bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was 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 position. The purchase 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 Kinder Morgan stock in a transaction on Thursday, February 5th. The stock was 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 represents a 3.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 38,498 shares of company stock worth $1,126,515. Corporate insiders own 12.73% of the company’s stock.

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.