Nikko Asset Management Americas Inc. Sells 19,346 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Nikko Asset Management Americas Inc. lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,576 shares of the pipeline company's stock after selling 19,346 shares during the period. Nikko Asset Management Americas Inc.'s holdings in Kinder Morgan were worth $838,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Golden State Equity Partners boosted its position in Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after acquiring an additional 15,800 shares during the last quarter. Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. UMB Bank n.a. raised its position in shares of Kinder Morgan by 116.1% in the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company's stock worth $5,772,000 after acquiring an additional 113,173 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of Kinder Morgan by 2,388.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 397,332 shares of the pipeline company's stock valued at $8,777,000 after purchasing an additional 381,365 shares during the period. Institutional investors own 62.52% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Scotiabank began coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price on the stock. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Morgan Stanley boosted their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and an average target price of $29.64.

Kinder Morgan Stock Down 0.6 %

Shares of KMI traded down $0.17 during trading hours on Friday, reaching $27.90. 19,504,846 shares of the stock traded hands, compared to its average volume of 13,184,257. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48. The company has a market cap of $61.98 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.08 and a beta of 0.94. The stock has a fifty day simple moving average of $27.58 and a 200 day simple moving average of $26.05. 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 posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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%. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is presently 98.29%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares in the company, 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 filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction dated 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 completion of the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 in the last ninety days. Company insiders own 12.64% of the company's stock.

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.