Franklin Resources Inc. Has $29.01 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Franklin Resources Inc. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058,646 shares of the pipeline company's stock after selling 84,310 shares during the period. Franklin Resources Inc.'s holdings in Kinder Morgan were worth $29,007,000 as of its most recent SEC filing.

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

Kinder Morgan Stock Up 0.9 %

Shares of NYSE:KMI traded up $0.23 during trading on Tuesday, reaching $25.60. 8,436,105 shares of the company traded hands, compared to its average volume of 13,841,807. The firm has a fifty day simple moving average of $27.15 and a 200 day simple moving average of $26.67. 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, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The firm has a market cap of $56.89 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72.

Remove Ads

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 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%. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research analyst reports. Wells Fargo & Company upped 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. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. UBS Group upped their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now owns 807,652 shares in the company, valued at approximately $23,219,995. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,506,116 over the last ninety days. Corporate insiders own 12.64% 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.