Cutter & CO Brokerage Inc. Decreases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Cutter & CO Brokerage Inc. lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 89.0% in the fourth quarter, Holdings Channel reports. The fund owned 20,241 shares of the pipeline company’s stock after selling 164,152 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Kinder Morgan were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KMI. Allspring Global Investments Holdings LLC lifted its stake in Kinder Morgan by 2.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 100,386 shares of the pipeline company’s stock worth $2,218,000 after acquiring an additional 2,456 shares during the last quarter. Ballentine Partners LLC lifted its stake in Kinder Morgan by 8.1% in the third quarter. Ballentine Partners LLC now owns 14,390 shares of the pipeline company’s stock worth $318,000 after acquiring an additional 1,075 shares during the last quarter. Allworth Financial LP lifted its stake in Kinder Morgan by 17.9% in the third quarter. Allworth Financial LP now owns 38,354 shares of the pipeline company’s stock worth $847,000 after acquiring an additional 5,834 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Kinder Morgan by 30.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 121,106 shares of the pipeline company’s stock worth $2,639,000 after acquiring an additional 28,278 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Kinder Morgan by 0.7% in the third quarter. Nisa Investment Advisors LLC now owns 215,737 shares of the pipeline company’s stock worth $4,766,000 after acquiring an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised 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. Scotiabank assumed coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Finally, 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 report on Tuesday, November 26th. Nine 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,461 shares of company stock valued at $3,504,136. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $26.09 on Wednesday. The firm’s fifty day simple moving average is $27.76 and its 200-day simple moving average is $25.44. The stock has a market capitalization of $57.96 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.02 and a 12 month high of $31.48. 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) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.41%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

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.