US Bancorp DE Sells 15,306 Shares of Kinder Morgan, Inc. (NYSE:KMI)

US Bancorp DE trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 227,318 shares of the pipeline company’s stock after selling 15,306 shares during the quarter. US Bancorp DE’s holdings in Kinder Morgan were worth $6,229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in Kinder Morgan by 74.5% in the fourth quarter. Fisher Asset Management LLC now owns 22,916 shares of the pipeline company’s stock worth $628,000 after purchasing an additional 9,780 shares during the period. SVB Wealth LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $4,098,000. QRG Capital Management Inc. boosted its holdings in Kinder Morgan by 7.4% during the fourth quarter. QRG Capital Management Inc. now owns 325,521 shares of the pipeline company’s stock worth $8,919,000 after buying an additional 22,324 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $4,176,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Kinder Morgan by 1.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 90,099 shares of the pipeline company’s stock valued at $2,469,000 after acquiring an additional 941 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on KMI shares. The Goldman Sachs Group upped their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho upped their price objective 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. Morgan Stanley raised their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Royal Bank of Canada boosted their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Citigroup raised their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.21.

Kinder Morgan Stock Down 0.4 %

NYSE:KMI opened at $27.04 on Wednesday. The firm has a market capitalization of $60.07 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a twelve month low of $17.45 and a twelve month high of $31.48. The stock’s 50 day moving average price is $27.76 and its two-hundred day moving average price is $25.64.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,461 shares of company stock worth $3,012,016 over the last 90 days. Company insiders own 12.64% of the company’s stock.

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.