Vestcor Inc Reduces Stake in Kinder Morgan, Inc. (NYSE:KMI)

Vestcor Inc cut its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,810 shares of the pipeline company's stock after selling 11,953 shares during the quarter. Vestcor Inc's holdings in Kinder Morgan were worth $1,584,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. CX Institutional lifted its stake in Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after buying an additional 354 shares during the period. Sunflower Bank N.A. lifted its stake in Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock valued at $288,000 after buying an additional 367 shares during the period. Ignite Planners LLC lifted its stake in Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock valued at $282,000 after buying an additional 372 shares during the period. Eagle Bay Advisors LLC lifted its stake in Kinder Morgan by 8.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock valued at $142,000 after buying an additional 385 shares during the period. Finally, Bristlecone Advisors LLC lifted its stake in Kinder Morgan by 2.6% in the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after buying an additional 400 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

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Kinder Morgan Stock Performance

NYSE:KMI traded up $0.34 during trading on Wednesday, reaching $27.86. The company's stock had a trading volume of 11,412,362 shares, compared to its average volume of 13,192,748. The firm has a market cap of $61.90 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a 50 day moving average of $27.59 and a 200-day moving average of $26.02. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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%. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.13%. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group upped their target price on 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 on the stock in a research report on Monday, March 3rd. Royal Bank of Canada upped their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Finally, Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the 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 completion of the transaction, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction 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 transaction, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 in the last quarter. 12.64% of the stock is currently owned by company insiders.

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.