Chevy Chase Trust Holdings LLC Has $27.80 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Chevy Chase Trust Holdings LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,014,424 shares of the pipeline company's stock after selling 21,093 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Kinder Morgan were worth $27,795,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Creative Planning lifted its stake in Kinder Morgan by 5.2% during the third quarter. Creative Planning now owns 412,376 shares of the pipeline company's stock valued at $9,109,000 after purchasing an additional 20,468 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Kinder Morgan by 9.4% in the third quarter. SeaCrest Wealth Management LLC now owns 20,711 shares of the pipeline company's stock valued at $457,000 after buying an additional 1,778 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter worth $75,000. Good Life Advisors LLC grew its holdings in shares of Kinder Morgan by 5.6% in the 3rd quarter. Good Life Advisors LLC now owns 17,279 shares of the pipeline company's stock worth $382,000 after acquiring an additional 924 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock worth $504,000 after purchasing an additional 776 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. UBS Group raised their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Scotiabank assumed 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. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.14.

Kinder Morgan Stock Up 0.8 %

Shares of Kinder Morgan stock traded up $0.22 during trading on Tuesday, hitting $26.77. 11,644,564 shares of the stock traded hands, compared to its average volume of 15,741,533. The stock has a market cap of $59.48 billion, a P/E ratio of 22.88, a PEG ratio of 3.16 and a beta of 0.94. The company has a fifty day moving average price of $27.79 and a two-hundred day moving average price of $25.19. Kinder Morgan, Inc. has a twelve month low of $17.00 and a twelve month high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results 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 net margin of 17.31% and a return on equity of 8.09%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.30%. Kinder Morgan's dividend payout ratio (DPR) is currently 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 54,000 shares of company stock valued at $1,493,100 over the last quarter. Insiders own 12.64% of the company's stock.

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.