Grantham Mayo Van Otterloo & Co. LLC Decreases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Grantham Mayo Van Otterloo & Co. LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 67.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 383,551 shares of the pipeline company's stock after selling 796,543 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Kinder Morgan were worth $10,509,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. increased its stake in Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after acquiring an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction dated 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 transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now owns 843,652 shares of the company's stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,506,116 over the last quarter. Company insiders own 12.64% of the company's stock.

Remove Ads

Analysts Set New Price Targets

KMI has been the topic of several research reports. Royal Bank of Canada increased 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, March 3rd. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Scotiabank began coverage on 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. Citigroup upped their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Stock Performance

KMI stock traded up $0.19 during trading on Friday, hitting $25.98. The company had a trading volume of 5,436,811 shares, compared to its average volume of 13,947,957. The firm has a 50-day moving average price of $26.97 and a 200-day moving average price of $26.74. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The firm has a market cap of $57.73 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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, 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 disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is presently 98.29%.

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.