Rockefeller Capital Management L.P. Has $68.31 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Rockefeller Capital Management L.P. lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 30.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,493,290 shares of the pipeline company's stock after selling 1,081,813 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.11% of Kinder Morgan worth $68,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $917,523,000. Raymond James Financial Inc. purchased a new position in Kinder Morgan in the fourth quarter valued at about $157,804,000. Artisan Partners Limited Partnership purchased a new stake in shares of Kinder Morgan during the 4th quarter worth about $87,729,000. Amundi lifted its holdings in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after buying an additional 2,650,040 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Kinder Morgan by 223.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company's stock valued at $94,968,000 after buying an additional 2,395,930 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMI has been the subject of a number of analyst reports. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Finally, UBS Group raised their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Seven investment 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 company's stock. According to MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.14 during mid-day trading on Friday, reaching $27.09. The company had a trading volume of 22,873,718 shares, compared to its average volume of 14,008,772. The company has a 50 day moving average of $26.94 and a 200-day moving average of $26.88. The firm has a market cap of $60.19 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 3.08 and a beta of 0.72. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.95 and a 52 week high of $31.48.

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

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.32%. The ex-dividend date is Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is 99.14%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 129,461 shares of company stock valued at $3,506,116. Company insiders own 12.73% of the company's stock.

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.