Shelton Capital Management Has $299,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Shelton Capital Management cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,908 shares of the pipeline company’s stock after selling 535 shares during the quarter. Shelton Capital Management’s holdings in Kinder Morgan were worth $299,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its holdings in Kinder Morgan by 7.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 629,421 shares of the pipeline company’s stock valued at $13,904,000 after purchasing an additional 41,018 shares during the period. Barclays PLC lifted its stake in shares of Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares during the period. Coldstream Capital Management Inc. grew its position in Kinder Morgan by 17.9% during the third quarter. Coldstream Capital Management Inc. now owns 42,217 shares of the pipeline company’s stock worth $961,000 after buying an additional 6,404 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Kinder Morgan by 62.2% during the third quarter. Sanctuary Advisors LLC now owns 746,606 shares of the pipeline company’s stock valued at $16,493,000 after acquiring an additional 286,358 shares during the period. Finally, World Investment Advisors LLC acquired a new position in Kinder Morgan in the 3rd quarter valued at approximately $826,000. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 over the last ninety days. 12.64% of the stock is owned by insiders.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $25.76 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a market cap of $57.23 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The company has a 50 day moving average of $26.97 and a 200-day moving average of $26.74. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its 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 forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.47%. Kinder Morgan’s payout ratio is 98.29%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $29.64.

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.