Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,102 shares of the pipeline company’s stock after selling 10,504 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Kinder Morgan were worth $4,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in shares of Kinder Morgan by 50.6% in the 3rd quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock worth $95,000 after acquiring an additional 1,450 shares during the period. KBC Group NV lifted its stake in shares of Kinder Morgan by 0.5% in the 3rd quarter. KBC Group NV now owns 237,353 shares of the pipeline company’s stock worth $5,243,000 after acquiring an additional 1,265 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Kinder Morgan by 6.9% in the 3rd quarter. CIBC Asset Management Inc now owns 341,054 shares of the pipeline company’s stock worth $7,534,000 after acquiring an additional 22,151 shares during the period. Empowered Funds LLC lifted its stake in shares of Kinder Morgan by 15.2% in the 3rd quarter. Empowered Funds LLC now owns 172,905 shares of the pipeline company’s stock worth $3,819,000 after acquiring an additional 22,776 shares during the period. Finally, KCM Investment Advisors LLC lifted its stake in shares of Kinder Morgan by 14.9% in the 3rd quarter. KCM Investment Advisors LLC now owns 15,568 shares of the pipeline company’s stock worth $344,000 after acquiring an additional 2,020 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 2.1 %

Kinder Morgan stock opened at $27.11 on Monday. The firm has a market cap of $60.23 billion, a PE ratio of 23.17, 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 quick ratio of 0.39 and a current ratio of 0.49. The firm’s 50 day moving average price is $27.60 and its two-hundred day moving average price is $25.94. Kinder Morgan, Inc. has a twelve month low of $17.52 and a twelve month high of $31.48.

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 net margin of 17.31% and a return on equity of 8.09%. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed 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. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the company’s 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 of the company’s stock, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’s 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 129,461 shares of company stock valued at $3,490,996. Company insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KMI. UBS Group upped their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group boosted their target price 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. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Mizuho boosted their target price 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, Citigroup boosted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.