Price T Rowe Associates Inc. MD Has $382.79 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Price T Rowe Associates Inc. MD decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 26.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,970,483 shares of the pipeline company's stock after selling 5,090,520 shares during the period. Price T Rowe Associates Inc. MD owned 0.63% of Kinder Morgan worth $382,792,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KMI. Hurley Capital LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $25,000. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan during the fourth quarter worth $29,000. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KMI. 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 report on Monday, March 3rd. Scotiabank lifted their target price on Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday. Citigroup boosted their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the firm's 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 completion of the sale, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the company's 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 directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,461 shares of company stock valued at $3,506,116. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 1.0 %

Shares of NYSE:KMI opened at $26.87 on Friday. The company's fifty day moving average is $26.94 and its 200-day moving average is $26.99. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a 52 week low of $18.13 and a 52 week high of $31.48. The company has a market capitalization of $59.71 billion, a PE ratio of 22.97, a P/E/G ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.35%. Kinder Morgan's payout ratio is presently 100.86%.

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.

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