Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 27.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,565 shares of the pipeline company’s stock after selling 2,885 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Kinder Morgan were worth $207,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of KMI. Canada Pension Plan Investment Board raised its position in shares of Kinder Morgan by 147.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock worth $7,011,000 after buying an additional 210,341 shares in the last quarter. AE Wealth Management LLC raised its holdings in Kinder Morgan by 9.3% during the second quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock worth $932,000 after purchasing an additional 4,003 shares in the last quarter. Sei Investments Co. lifted its position in Kinder Morgan by 14.6% in the second quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock worth $15,973,000 after purchasing an additional 102,447 shares during the period. ProShare Advisors LLC boosted its stake in Kinder Morgan by 4.5% during the 2nd quarter. ProShare Advisors LLC now owns 540,050 shares of the pipeline company’s stock valued at $10,731,000 after purchasing an additional 23,039 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in shares of Kinder Morgan during the 2nd quarter valued at $2,561,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their target price 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. UBS Group lifted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada increased their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Stock Down 1.4 %

NYSE:KMI opened at $30.79 on Thursday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The firm has a market capitalization of $68.40 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 3.97 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The business’s fifty day moving average price is $27.82 and its 200 day moving average price is $24.28.

Kinder Morgan (NYSE:KMI) last posted its quarterly 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 7.87% and a net margin of 16.76%. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 3.74%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on 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 sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is owned by 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.