Kinder Morgan, Inc. (NYSE:KMI) Stake Decreased by KLCM Advisors Inc.

KLCM Advisors Inc. trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,812 shares of the pipeline company’s stock after selling 18,035 shares during the quarter. KLCM Advisors Inc.’s holdings in Kinder Morgan were worth $3,365,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KMI. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after purchasing an additional 29,861 shares during the period. Global Retirement Partners LLC grew its position in Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after buying an additional 776 shares in the last quarter. Principal Financial Group Inc. increased its stake in Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares during the period. Golden State Equity Partners raised its position in shares of Kinder Morgan by 2,507.9% during the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after buying an additional 15,800 shares in the last quarter. Finally, 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 worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 0.2 %

NYSE KMI opened at $26.61 on Monday. The firm’s 50 day moving average price is $27.80 and its two-hundred day moving average price is $25.12. The stock has a market cap of $59.11 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $16.51 and a twelve month high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results 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%. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors 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 4.32%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the 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 sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 54,000 shares of company stock valued at $1,493,100. Corporate insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of several recent analyst reports. Citigroup boosted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho lifted their target price on 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 upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, UBS Group lifted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.14.

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.