Kinder Morgan, Inc. (NYSE:KMI) Stake Lowered by Boston Family Office LLC

Boston Family Office LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,229 shares of the pipeline company’s stock after selling 3,624 shares during the period. Boston Family Office LLC’s holdings in Kinder Morgan were worth $719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company’s stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC increased its position in Kinder Morgan by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company’s stock worth $1,414,813,000 after buying an additional 1,252,609 shares during the last quarter. Norges Bank acquired a new position in Kinder Morgan during the fourth quarter worth $917,523,000. Bank of New York Mellon Corp boosted its stake in shares of Kinder Morgan by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company’s stock worth $376,332,000 after acquiring an additional 1,093,242 shares in the last quarter. Finally, Amundi increased its holdings in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after acquiring an additional 2,650,040 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KMI shares. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Citigroup lifted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. 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 analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Up 0.3 %

Shares of KMI stock opened at $28.63 on Wednesday. The stock has a market cap of $63.60 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The stock has a fifty day moving average price of $27.39 and a 200 day moving average price of $26.52. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its 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%. Analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.02%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares of the company’s stock, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’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 sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This represents 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 in the last 90 days. 12.81% of the stock is owned by corporate insiders.

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.