Bessemer Group Inc. Has $176.46 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Bessemer Group Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,440,089 shares of the pipeline company's stock after selling 166,638 shares during the period. Bessemer Group Inc. owned approximately 0.29% of Kinder Morgan worth $176,461,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Kinder Morgan by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock valued at $5,557,983,000 after buying an additional 1,469,759 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kinder Morgan by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock worth $1,414,813,000 after buying an additional 1,252,609 shares in the last quarter. Norges Bank bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $917,523,000. Bank of New York Mellon Corp grew its position in Kinder Morgan by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company's stock worth $376,332,000 after acquiring an additional 1,093,242 shares during the last quarter. Finally, Amundi increased its holdings in Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after purchasing an additional 2,650,040 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

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Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares of the company's stock, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock valued at $3,506,116. Company insiders own 12.64% of the company's stock.

Kinder Morgan Trading Up 1.2 %

NYSE:KMI traded up $0.33 during trading hours on Monday, hitting $26.80. The stock had a trading volume of 3,931,795 shares, compared to its average volume of 13,947,816. The business's 50 day moving average is $26.95 and its 200-day moving average is $26.80. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a market cap of $59.55 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio is 98.29%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Royal Bank of Canada increased their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.64.

Kinder Morgan 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.