Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,235,742 shares of the pipeline company’s stock after selling 33,322 shares during the period. Crestwood Advisors Group LLC’s holdings in Kinder Morgan were worth $33,859,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its stake in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the period. Fisher Funds Management LTD purchased a new position in Kinder Morgan in the fourth quarter valued at $62,534,000. National Bank of Canada FI raised its position in shares of Kinder Morgan by 295.5% in the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after acquiring an additional 2,194,489 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Kinder Morgan by 1,849.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after acquiring an additional 2,053,612 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Kinder Morgan by 847.4% during the 4th quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock valued at $40,420,000 after acquiring an additional 1,319,474 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan 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 owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % 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 valued at $3,504,136 over the last ninety days. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.7 %

Shares of Kinder Morgan stock opened at $26.41 on Monday. Kinder Morgan, Inc. has a 1-year low of $17.02 and a 1-year high of $31.48. The stock has a market cap of $58.67 billion, a P/E ratio of 22.57, 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. The stock’s 50 day simple moving average is $27.77 and its 200-day simple moving average is $25.36.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.36%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Analysts Set New Price Targets

KMI has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. UBS Group upped their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.14.

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.