Cornerstone Capital Inc. Sells 71,985 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Cornerstone Capital Inc. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,915 shares of the pipeline company's stock after selling 71,985 shares during the period. Cornerstone Capital Inc.'s holdings in Kinder Morgan were worth $9,368,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Kinder Morgan in the third quarter worth about $826,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Kinder Morgan during the third quarter valued at $386,000. Blankinship & Foster LLC grew its holdings in Kinder Morgan by 128.4% during the 3rd quarter. Blankinship & Foster LLC now owns 46,900 shares of the pipeline company's stock worth $1,036,000 after acquiring an additional 26,363 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in shares of Kinder Morgan by 1.7% during the 3rd quarter. Synovus Financial Corp now owns 103,618 shares of the pipeline company's stock worth $2,289,000 after acquiring an additional 1,769 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.14 during midday trading on Wednesday, hitting $26.74. 6,583,965 shares of the stock traded hands, compared to its average volume of 13,913,905. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a 1-year low of $18.13 and a 1-year high of $31.48. The business's 50 day moving average price is $26.94 and its two-hundred day moving average price is $26.97. The firm has a market capitalization of $59.42 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.38%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan 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 sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now owns 807,652 shares in the company, valued at $23,219,995. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,506,116 in the last ninety days. 12.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KMI shares. Wells Fargo & Company boosted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Citigroup increased their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.