Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Independent Investors Inc.

Independent Investors Inc. cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,716 shares of the pipeline company’s stock after selling 3,000 shares during the quarter. Independent Investors Inc.’s holdings in Kinder Morgan were worth $540,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KMI. Czech National Bank boosted its position in shares of Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after purchasing an additional 25,406 shares during the period. GAMMA Investing LLC grew its stake in shares of Kinder Morgan by 34.1% in the 3rd quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company’s stock valued at $602,000 after purchasing an additional 6,932 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Kinder Morgan during the third quarter worth approximately $467,000. Ignite Planners LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $213,000. Finally, Atomi Financial Group Inc. grew its position in Kinder Morgan by 8.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 64,838 shares of the pipeline company’s stock valued at $1,432,000 after buying an additional 5,080 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.5 %

KMI stock opened at $27.64 on Thursday. The company’s 50 day simple moving average is $27.95 and its 200-day simple moving average is $24.85. The firm has a market capitalization of $61.41 billion, a PE ratio of 23.63, a P/E/G ratio of 3.12 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. Equities analysts expect that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMI. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. UBS Group increased their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays increased their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Citigroup increased their price target 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. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.81% of the company’s stock.

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.