Envestnet Portfolio Solutions Inc. Sells 89,521 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 13.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 593,711 shares of the pipeline company's stock after selling 89,521 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Kinder Morgan were worth $16,268,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. one8zero8 LLC acquired a new position in Kinder Morgan in the 4th quarter worth about $2,230,000. Natixis Advisors LLC raised its position in shares of Kinder Morgan by 16.8% during the fourth quarter. Natixis Advisors LLC now owns 738,280 shares of the pipeline company's stock worth $20,229,000 after acquiring an additional 106,379 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Kinder Morgan by 2.0% during the fourth quarter. Frank Rimerman Advisors LLC now owns 48,565 shares of the pipeline company's stock worth $1,331,000 after acquiring an additional 953 shares during the last quarter. Left Brain Wealth Management LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth about $259,000. Finally, Wellington Shields Capital Management LLC raised its position in shares of Kinder Morgan by 3.7% during the fourth quarter. Wellington Shields Capital Management LLC now owns 13,946 shares of the pipeline company's stock worth $382,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.23 during trading hours on Thursday, reaching $28.08. 8,137,927 shares of the company were exchanged, compared to its average volume of 13,151,256. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The business's 50 day simple moving average is $27.58 and its 200-day simple moving average is $26.04. 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 $62.38 billion, a P/E ratio of 24.00, a P/E/G ratio of 3.08 and a beta of 0.94.

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Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data 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 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 Dividend Announcement

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

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the firm'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 value 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 approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 owns 861,652 shares of the company's stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 over the last quarter. Corporate insiders own 12.64% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent analyst reports. Morgan Stanley increased 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 shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Scotiabank initiated coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price objective on the stock. 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $29.64.

Kinder Morgan Company 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.