V Square Quantitative Management LLC Trims Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

V Square Quantitative Management LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 14,761 shares of the pipeline company’s stock after selling 443 shares during the quarter. V Square Quantitative Management LLC’s holdings in Kinder Morgan were worth $404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the third quarter valued at $28,000. Heck Capital Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter valued at $29,000. Finally, Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 54,000 shares of company stock valued at $1,493,100 in the last ninety days. Company insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research analyst reports. Barclays lifted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Mizuho lifted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their target price 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. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Citigroup boosted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $26.61 on Monday. The company’s 50 day simple moving average is $27.80 and its 200-day simple moving average is $25.12. The company has a market capitalization of $59.11 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $16.51 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

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.