Tocqueville Asset Management L.P. Has $6.82 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Tocqueville Asset Management L.P. lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,896 shares of the pipeline company's stock after selling 11,121 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in Kinder Morgan were worth $6,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. Empowered Funds LLC raised its stake in Kinder Morgan by 15.2% during the third quarter. Empowered Funds LLC now owns 172,905 shares of the pipeline company's stock valued at $3,819,000 after buying an additional 22,776 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Kinder Morgan by 49.4% during the third quarter. Natixis Advisors LLC now owns 631,901 shares of the pipeline company's stock valued at $13,959,000 after purchasing an additional 208,981 shares during the last quarter. AMG National Trust Bank grew its holdings in shares of Kinder Morgan by 17.7% during the third quarter. AMG National Trust Bank now owns 23,410 shares of the pipeline company's stock valued at $517,000 after purchasing an additional 3,524 shares during the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of Kinder Morgan by 8.1% during the third quarter. Meeder Advisory Services Inc. now owns 48,999 shares of the pipeline company's stock valued at $1,082,000 after purchasing an additional 3,675 shares during the last quarter. Finally, New England Asset Management Inc. grew its holdings in shares of Kinder Morgan by 2.9% during the third quarter. New England Asset Management Inc. now owns 169,290 shares of the pipeline company's stock valued at $3,740,000 after purchasing an additional 4,810 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

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Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.17 on Friday, reaching $27.90. 19,504,849 shares of the company traded hands, compared to its average volume of 13,169,828. Kinder Morgan, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48. The company's 50 day moving average is $27.57 and its 200-day moving average is $26.09. The stock has a market capitalization of $61.98 billion, a PE ratio of 23.84, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data 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 net margin of 17.31% and a return on equity of 8.09%. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KMI shares. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. The Goldman Sachs Group increased their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Morgan Stanley increased their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction 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 transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 $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. Insiders sold 129,461 shares of company stock worth $3,490,996 over the last quarter. Corporate insiders own 12.64% 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.