Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by KBC Group NV

KBC Group NV trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,782 shares of the pipeline company’s stock after selling 18,571 shares during the period. KBC Group NV’s holdings in Kinder Morgan were worth $5,995,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in shares of Kinder Morgan by 11.2% during the 2nd quarter. AQR Capital Management LLC now owns 457,238 shares of the pipeline company’s stock valued at $9,040,000 after buying an additional 45,917 shares during the period. Creative Planning raised its stake in shares of Kinder Morgan by 16.4% during the second quarter. Creative Planning now owns 391,908 shares of the pipeline company’s stock valued at $7,787,000 after purchasing an additional 55,207 shares during the period. Quarry LP purchased a new position in shares of Kinder Morgan in the second quarter valued at $52,000. Cetera Investment Advisers grew its holdings in Kinder Morgan by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 1,428,295 shares of the pipeline company’s stock valued at $28,380,000 after purchasing an additional 8,078 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Kinder Morgan during the 2nd quarter worth $8,597,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 2.8 %

NYSE KMI opened at $28.08 on Friday. The firm’s 50 day moving average price is $28.00 and its two-hundred day moving average price is $24.62. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The stock has a market cap of $62.37 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 4.13 and a beta of 0.94.

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 8.10%. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.10%. Kinder Morgan’s payout ratio is 98.29%.

Analyst Ratings Changes

A number of research firms have weighed in on KMI. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Barclays lifted their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Citigroup raised their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock valued at $1,497,000 in the last quarter. Company insiders own 12.64% of the company’s stock.

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.