Cypress Capital Group Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Cypress Capital Group lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 32.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,900 shares of the pipeline company's stock after buying an additional 11,801 shares during the quarter. Cypress Capital Group's holdings in Kinder Morgan were worth $1,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMI. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock valued at $101,422,000 after purchasing an additional 29,861 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Golden State Equity Partners boosted its holdings in Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock worth $450,000 after buying an additional 15,800 shares during the last quarter. Barclays PLC increased its stake in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Kinder Morgan by 116.1% during the fourth quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company's stock valued at $5,772,000 after acquiring an additional 113,173 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on KMI shares. Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Scotiabank initiated coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price for the company. Citigroup increased their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Kinder Morgan Trading Down 1.7 %

KMI traded down $0.46 during trading hours on Thursday, reaching $26.27. The company's stock had a trading volume of 13,320,233 shares, compared to its average volume of 15,545,506. The business's 50-day moving average is $27.75 and its 200-day moving average is $25.65. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The stock has a market cap of $58.36 billion, a PE ratio of 22.45, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $17.45 and a fifty-two week 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 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%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.38%. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction that occurred 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 directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company's stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,461 shares of company stock valued at $3,012,016 over the last quarter. 12.64% of the stock is owned by company insiders.

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.