Geode Capital Management LLC Has $1.41 Billion Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Geode Capital Management LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,759,844 shares of the pipeline company's stock after buying an additional 1,252,609 shares during the quarter. Geode Capital Management LLC owned 2.33% of Kinder Morgan worth $1,414,813,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KMI. Norges Bank acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $917,523,000. Raymond James Financial Inc. purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $157,804,000. Artisan Partners Limited Partnership acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $87,729,000. Amundi increased its stake in Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after purchasing an additional 2,650,040 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Kinder Morgan by 223.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company's stock worth $94,968,000 after buying an additional 2,395,930 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 4.2 %

KMI traded down $1.21 during midday trading on Thursday, hitting $27.72. 16,696,917 shares of the company's stock traded hands, compared to its average volume of 13,716,363. 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 company has a market cap of $61.58 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The stock's fifty day simple moving average is $27.35 and its 200-day simple moving average is $26.54. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48.

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Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data 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 net margin of 17.31% and a return on equity of 8.09%. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is 98.29%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. UBS Group lifted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. 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. Morgan Stanley upped their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.64.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the firm's 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the business'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 transaction, the president now directly owns 843,652 shares of the company's stock, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,461 shares of company stock valued at $3,506,116. Corporate insiders own 12.81% of the company's stock.

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.