Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 95.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,590 shares of the pipeline company’s stock after selling 2,067,047 shares during the quarter. International Assets Investment Management LLC’s holdings in Kinder Morgan were worth $2,674,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Modus Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan in the 3rd quarter worth $28,000. Planning Capital Management Corp grew 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 valued at $30,000 after acquiring an additional 797 shares during the period. HM Payson & Co. increased its stake in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares during the last quarter. Finally, Activest Wealth Management raised its holdings in shares of Kinder Morgan by 63.0% in the 3rd quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock worth $33,000 after purchasing an additional 571 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 745,263 shares of company stock valued at $18,578,014. Company insiders own 12.81% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of a number of research analyst reports. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research report on Friday, October 18th. Barclays lifted their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.25.

Kinder Morgan Stock Up 0.1 %

KMI stock traded up $0.03 during mid-day trading on Wednesday, hitting $27.84. 1,830,707 shares of the company were exchanged, compared to its average volume of 9,757,539. The company has a market capitalization of $61.85 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The firm has a fifty day simple moving average of $27.08 and a 200 day simple moving average of $23.61. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.13%. Kinder Morgan’s payout ratio is 100.88%.

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.