Catalyst Funds Management Pty Ltd Sells 55,200 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Catalyst Funds Management Pty Ltd lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 77.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the pipeline company's stock after selling 55,200 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Kinder Morgan were worth $438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. lifted its position in shares of Kinder Morgan by 50.6% during the 3rd quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company's stock valued at $95,000 after acquiring an additional 1,450 shares during the last quarter. KBC Group NV raised its position in shares of Kinder Morgan by 0.5% during the third quarter. KBC Group NV now owns 237,353 shares of the pipeline company's stock worth $5,243,000 after purchasing an additional 1,265 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Kinder Morgan by 6.9% during the third quarter. CIBC Asset Management Inc now owns 341,054 shares of the pipeline company's stock valued at $7,534,000 after purchasing an additional 22,151 shares during the last quarter. Empirical Finance LLC boosted its position in shares of Kinder Morgan by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 67,428 shares of the pipeline company's stock valued at $1,489,000 after purchasing an additional 1,325 shares during the period. Finally, Empowered Funds LLC increased its stake in Kinder Morgan by 15.2% in the 3rd quarter. Empowered Funds LLC now owns 172,905 shares of the pipeline company's stock worth $3,819,000 after purchasing an additional 22,776 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Kinder Morgan Stock Up 0.8 %

KMI stock traded up $0.23 during trading hours on Thursday, hitting $28.08. The company's stock had a trading volume of 8,141,025 shares, compared to its average volume of 14,840,512. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $62.38 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The stock has a 50 day moving average price of $27.58 and a two-hundred day moving average price of $26.04.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio is 98.29%.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMI. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.