Kinder Morgan, Inc. (NYSE:KMI) Position Lessened by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,221,018 shares of the pipeline company’s stock after selling 27,484 shares during the period. Kinder Morgan comprises approximately 1.8% of Berkshire Asset Management LLC PA’s portfolio, making the stock its 24th biggest holding. Berkshire Asset Management LLC PA’s holdings in Kinder Morgan were worth $36,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth $29,000. Finally, Planning Capital Management Corp increased its position in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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 in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s 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 transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,490,996 over the last quarter. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 1.7 %

KMI stock opened at $26.27 on Friday. Kinder Morgan, Inc. has a twelve month low of $17.45 and a twelve month high of $31.48. The company has a market cap of $58.36 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The business’s 50-day simple moving average is $27.73 and its 200 day simple moving average is $25.65. 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 (NYSE:KMI) last announced its quarterly earnings results 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 return on equity of 8.09% and a net margin of 17.31%. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 98.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Monday. JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday. Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group raised their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.64.

Kinder Morgan Company 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.