Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 35.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,333,623 shares of the pipeline company's stock after selling 1,270,503 shares during the quarter. Sound Shore Management Inc. CT owned about 0.11% of Kinder Morgan worth $63,941,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. CX Institutional lifted its holdings in shares of Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock worth $429,000 after buying an additional 354 shares in the last quarter. Sunflower Bank N.A. increased its holdings in Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock valued at $288,000 after acquiring an additional 367 shares during the last quarter. Ignite Planners LLC lifted its stake in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after purchasing an additional 372 shares in the last quarter. Eagle Bay Advisors LLC lifted its stake in Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock worth $142,000 after purchasing an additional 385 shares in the last quarter. Finally, Bristlecone Advisors LLC boosted its holdings in shares of Kinder Morgan by 2.6% during the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

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Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Mizuho increased their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. 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 research note on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $29.64.

Kinder Morgan Trading Up 0.3 %

Shares of NYSE KMI traded up $0.09 during mid-day trading on Tuesday, reaching $28.80. The company had a trading volume of 11,388,563 shares, compared to its average volume of 13,162,358. The stock has a market cap of $63.99 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48. The business's 50-day moving average is $27.57 and its 200-day moving average is $26.26. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is 98.29%.

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.