Edgemoor Investment Advisors Inc. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,102 shares of the pipeline company's stock after selling 10,504 shares during the period. Edgemoor Investment Advisors Inc.'s holdings in Kinder Morgan were worth $4,743,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KMI. Assetmark Inc. boosted its position in shares of Kinder Morgan by 50.6% during the 3rd quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company's stock worth $95,000 after purchasing an additional 1,450 shares during the period. KBC Group NV grew its stake in shares of Kinder Morgan by 0.5% in the third quarter. KBC Group NV now owns 237,353 shares of the pipeline company's stock valued at $5,243,000 after buying an additional 1,265 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Kinder Morgan by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 341,054 shares of the pipeline company's stock worth $7,534,000 after acquiring an additional 22,151 shares in the last quarter. Empowered Funds LLC boosted its holdings in Kinder Morgan by 15.2% during the 3rd quarter. Empowered Funds LLC now owns 172,905 shares of the pipeline company's stock valued at $3,819,000 after acquiring an additional 22,776 shares during the period. Finally, KCM Investment Advisors LLC grew its position in Kinder Morgan by 14.9% in the 3rd quarter. KCM Investment Advisors LLC now owns 15,568 shares of the pipeline company's stock valued at $344,000 after acquiring an additional 2,020 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the sale, the president now directly owns 825,652 shares of the company's stock, valued at approximately $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction on 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 sale, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 129,461 shares of company stock valued at $3,490,996. Company insiders own 12.64% of the company's stock.
Kinder Morgan Price Performance
KMI traded down $0.17 during midday trading on Friday, reaching $27.90. 19,504,849 shares of the company's stock were exchanged, compared to its average volume of 13,184,262. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The stock has a market capitalization of $61.98 billion, a PE ratio of 23.84, a P/E/G ratio of 3.08 and a beta of 0.94. 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 business's 50-day moving average price is $27.58 and its 200 day moving average price is $26.05.
Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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 return on equity of 8.09% and a net margin of 17.31%. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.
Kinder Morgan Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio is presently 98.29%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on KMI shares. Citigroup lifted their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average target price of $29.64.
Check Out Our Latest Research Report on Kinder Morgan
Kinder Morgan Company Profile
(
Free Report)
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.
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