Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 199.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,753 shares of the pipeline company's stock after purchasing an additional 68,442 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Kinder Morgan were worth $2,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after purchasing an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Up 0.3 %

NYSE KMI traded up $0.09 on Tuesday, reaching $28.80. The stock had a trading volume of 11,388,563 shares, compared to its average volume of 13,154,661. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock has a fifty day moving average price of $27.57 and a two-hundred day moving average price of $26.26. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The firm has a market capitalization of $63.99 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 3.08 and a beta of 0.94.

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Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 3.99%. Kinder Morgan's dividend payout ratio is presently 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of analyst reports. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. UBS Group boosted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Citigroup boosted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. 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 company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently owned by company insiders.

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.