Pacifica Partners Inc. Reduces Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Pacifica Partners Inc. trimmed its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 43.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 109,895 shares of the pipeline company's stock after selling 84,114 shares during the period. Kinder Morgan comprises 1.3% of Pacifica Partners Inc.'s investment portfolio, making the stock its 25th biggest position. Pacifica Partners Inc.'s holdings in Kinder Morgan were worth $3,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Kinder Morgan by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock valued at $101,422,000 after purchasing an additional 29,861 shares during the period. Global Retirement Partners LLC raised its position in Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock worth $504,000 after acquiring an additional 776 shares during the period. Principal Financial Group Inc. boosted its stake in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after acquiring an additional 71,984 shares during the last quarter. Czech National Bank grew its position in shares of Kinder Morgan by 6.9% during the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company's stock valued at $8,689,000 after acquiring an additional 25,406 shares during the period. Finally, Valley National Advisers Inc. increased its stake in shares of Kinder Morgan by 1,512.7% during the 3rd quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company's stock worth $1,956,000 after purchasing an additional 83,090 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of NYSE KMI traded up $0.31 during mid-day trading on Wednesday, reaching $29.43. 12,100,402 shares of the company were exchanged, compared to its average volume of 12,186,189. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $29.58. The company's 50 day moving average price is $27.47 and its 200 day moving average price is $23.91. The stock has a market capitalization of $65.38 billion, a PE ratio of 25.82, a PEG ratio of 3.87 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares of the company's stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock valued at $18,578,014 over the last quarter. 12.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on KMI shares. Barclays raised their target price on Kinder Morgan from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. UBS Group boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Wells Fargo & Company lifted their price target on Kinder Morgan from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.67.

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.