Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Empower Advisory Group LLC

Empower Advisory Group LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,790,643 shares of the pipeline company's stock after selling 18,253 shares during the quarter. Empower Advisory Group LLC owned 0.17% of Kinder Morgan worth $103,864,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KMI. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth about $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in shares of Kinder Morgan during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan in the fourth quarter worth $29,000. Finally, Planning Capital Management Corp raised its holdings in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after purchasing an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,504,136 over the last quarter. 12.64% of the stock is owned by insiders.

Kinder Morgan Stock Performance

Shares of KMI traded down $0.28 during mid-day trading on Thursday, reaching $26.61. The company had a trading volume of 12,513,613 shares, compared to its average volume of 15,705,546. Kinder Morgan, Inc. has a 52-week low of $17.02 and a 52-week high of $31.48. 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 stock has a market capitalization of $59.13 billion, a P/E ratio of 22.74, a PEG ratio of 3.10 and a beta of 0.94. The stock has a 50 day moving average of $27.79 and a two-hundred day moving average of $25.25.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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%. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.32%. Kinder Morgan's dividend payout ratio (DPR) is 98.29%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays increased their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Mizuho lifted their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Citigroup lifted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price for the company. Finally, The Goldman Sachs Group boosted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.14.

About Kinder Morgan

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.