MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $243.53 Million Stock Holdings in Kinder Morgan, Inc. $KMI

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,602,217 shares of the pipeline company’s stock after selling 215,908 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.39% of Kinder Morgan worth $243,531,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KMI. L2 Asset Management LLC raised its stake in shares of Kinder Morgan by 6.9% during the 3rd quarter. L2 Asset Management LLC now owns 9,285 shares of the pipeline company’s stock worth $263,000 after purchasing an additional 596 shares in the last quarter. Loews Corp grew its stake in shares of Kinder Morgan by 3.8% in the third quarter. Loews Corp now owns 675,000 shares of the pipeline company’s stock valued at $19,109,000 after buying an additional 25,000 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in Kinder Morgan by 17.7% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 21,615 shares of the pipeline company’s stock worth $612,000 after buying an additional 3,255 shares during the last quarter. Larson Financial Group LLC increased its holdings in Kinder Morgan by 6.6% during the third quarter. Larson Financial Group LLC now owns 15,210 shares of the pipeline company’s stock worth $431,000 after buying an additional 943 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Kinder Morgan by 59.3% during the third quarter. Integrated Wealth Concepts LLC now owns 101,642 shares of the pipeline company’s stock worth $2,877,000 after acquiring an additional 37,833 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.2%

Shares of KMI stock opened at $33.33 on Tuesday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $34.24. The company has a market capitalization of $74.14 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 3.08 and a beta of 0.68. The firm has a 50 day moving average price of $30.84 and a two-hundred day moving average price of $28.43. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday. Morgan Stanley lifted their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $33.38.

Insider Transactions at Kinder Morgan

In other news, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the sale, the vice president owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William A. Smith purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the purchase, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. This represents a 10.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 46,498 shares of company stock valued at $1,418,248. Corporate 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.