Birmingham Capital Management Co. Inc. AL Has $1.40 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Birmingham Capital Management Co. Inc. AL decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,538 shares of the pipeline company’s stock after selling 965 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Kinder Morgan were worth $1,404,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Retirement Systems of Alabama lifted its stake in shares of Kinder Morgan by 295.2% during the 3rd quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after buying an additional 1,257,428 shares in the last quarter. Old North State Trust LLC raised its stake in shares of Kinder Morgan by 6.2% during the third quarter. Old North State Trust LLC now owns 22,143 shares of the pipeline company’s stock worth $489,000 after acquiring an additional 1,300 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Kinder Morgan by 44.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,142,956 shares of the pipeline company’s stock valued at $25,248,000 after purchasing an additional 349,158 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in Kinder Morgan by 2.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 180,272 shares of the pipeline company’s stock worth $3,982,000 after purchasing an additional 4,717 shares during the period. Finally, Synovus Financial Corp raised its position in Kinder Morgan by 1.7% in the 3rd quarter. Synovus Financial Corp now owns 103,618 shares of the pipeline company’s stock worth $2,289,000 after purchasing an additional 1,769 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Down 0.5 %

KMI stock traded down $0.14 during trading on Friday, hitting $26.76. 1,314,880 shares of the company’s stock traded hands, compared to its average volume of 13,752,608. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.81. The business has a fifty day simple moving average of $26.10 and a two-hundred day simple moving average of $22.60. The firm has a market capitalization of $59.45 billion, a P/E ratio of 23.60, a PEG ratio of 3.88 and a beta of 0.95. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.30%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 727,263 shares of company stock valued at $18,075,634 over the last ninety days. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KMI shares. Barclays increased their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. The Goldman Sachs Group increased their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, UBS Group boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.75.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.