Kinder Morgan, Inc. (NYSE:KMI) Holdings Boosted by Arizona State Retirement System

Arizona State Retirement System grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.1% during the 4th quarter, HoldingsChannel reports. The fund owned 573,255 shares of the pipeline company’s stock after acquiring an additional 539 shares during the period. Arizona State Retirement System’s holdings in Kinder Morgan were worth $15,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Verdence Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $341,000. Proficio Capital Partners LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $4,176,000. Cbre Investment Management Listed Real Assets LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $210,000. Assetmark Inc. grew its holdings in shares of Kinder Morgan by 70.4% during the 4th quarter. Assetmark Inc. now owns 7,351 shares of the pipeline company’s stock valued at $201,000 after acquiring an additional 3,038 shares in the last quarter. Finally, Cypress Capital Group grew its holdings in shares of Kinder Morgan by 32.7% during the 4th quarter. Cypress Capital Group now owns 47,900 shares of the pipeline company’s stock valued at $1,312,000 after acquiring an additional 11,801 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group boosted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Morgan Stanley upped their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Down 0.9 %

Kinder Morgan stock opened at $26.76 on Thursday. The firm has a market cap of $59.45 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $31.48. The firm has a fifty day moving average price of $27.75 and a two-hundred day moving average price of $25.65.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 dividend yield of 4.30%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,461 shares of company stock valued at $3,012,016. 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.