O Shaughnessy Asset Management LLC Has $14.35 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

O Shaughnessy Asset Management LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 15.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 523,550 shares of the pipeline company’s stock after buying an additional 69,085 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Kinder Morgan were worth $14,345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan in the fourth quarter worth $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $29,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after buying an additional 703 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KMI shares. UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada increased their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. 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. Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $28.39 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a 50 day moving average price of $27.48 and a 200 day moving average price of $26.42. The stock has a market capitalization of $63.07 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. Analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred 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 transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,490,996 over the last 90 days. 12.64% of the stock is currently owned by insiders.

About Kinder Morgan

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.