Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Increased by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,241 shares of the pipeline company’s stock after buying an additional 1,673 shares during the period. KCM Investment Advisors LLC’s holdings in Kinder Morgan were worth $472,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Kinder Morgan during the fourth quarter valued at $917,523,000. Raymond James Financial Inc. acquired a new position in shares of Kinder Morgan in the 4th quarter valued at about $157,804,000. Artisan Partners Limited Partnership bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $87,729,000. Amundi raised its stake in Kinder Morgan by 28.9% during the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock worth $334,381,000 after acquiring an additional 2,650,040 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in Kinder Morgan by 223.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company’s stock worth $94,968,000 after acquiring an additional 2,395,930 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMI. Royal Bank of Canada upped their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. Finally, Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Down 8.9 %

KMI stock opened at $25.27 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The firm has a market cap of $56.14 billion, a PE ratio of 21.59, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The firm has a 50 day simple moving average of $27.20 and a 200 day simple moving average of $26.65.

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

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Transactions at Kinder Morgan

In related news, 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 completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,506,116 over the last ninety days. Corporate insiders own 12.81% 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.