Zacks Investment Management Has $79.89 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Zacks Investment Management reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,915,768 shares of the pipeline company’s stock after selling 294,559 shares during the quarter. Zacks Investment Management owned 0.13% of Kinder Morgan worth $79,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in Kinder Morgan by 3.2% in the fourth quarter. NewEdge Advisors LLC now owns 303,401 shares of the pipeline company’s stock valued at $8,313,000 after acquiring an additional 9,475 shares during the period. Resurgent Financial Advisors LLC grew its position in Kinder Morgan by 48.3% in the fourth quarter. Resurgent Financial Advisors LLC now owns 25,982 shares of the pipeline company’s stock valued at $712,000 after acquiring an additional 8,460 shares during the period. Master S Wealth Management Inc. acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $306,000. Regal Investment Advisors LLC boosted its position in Kinder Morgan by 6.6% in the fourth quarter. Regal Investment Advisors LLC now owns 90,782 shares of the pipeline company’s stock valued at $2,487,000 after buying an additional 5,586 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in Kinder Morgan in the 4th quarter valued at $217,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction 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 owns 220,681 shares in the company, valued at $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 is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock worth $3,506,116. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $27.21 on Wednesday. Kinder Morgan, Inc. has a 52-week low of $17.61 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm’s fifty day moving average is $26.94 and its two-hundred day moving average is $26.84. The company has a market cap of $60.47 billion, a P/E ratio of 23.26, a P/E/G ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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 return on equity of 8.09% and a net margin of 17.31%. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.23%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Analysts Set New Price Targets

A number of analysts recently commented on KMI shares. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Monday, March 3rd. Royal Bank of Canada raised their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Mizuho lifted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley raised their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

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.