Duff & Phelps Investment Management Co. Acquires 400 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Duff & Phelps Investment Management Co. grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,671,381 shares of the pipeline company’s stock after purchasing an additional 400 shares during the period. Duff & Phelps Investment Management Co. owned about 0.08% of Kinder Morgan worth $45,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank bought a new position in shares of Kinder Morgan during the 4th quarter worth $917,523,000. Raymond James Financial Inc. bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $157,804,000. Artisan Partners Limited Partnership purchased a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $87,729,000. Amundi boosted its stake in shares of Kinder Morgan by 28.9% during the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after purchasing an additional 2,650,040 shares in the last quarter. Finally, Barclays PLC increased its holdings in Kinder Morgan by 39.9% during 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. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.24 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 stock has a market cap of $62.75 billion, a P/E ratio of 24.14, a P/E/G ratio of 3.08 and a beta of 0.94. The stock has a 50 day moving average of $27.51 and a two-hundred day moving average of $26.29. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted 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 net margin of 17.31% and a return on equity of 8.09%. On average, research 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 declared 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.07%. Kinder Morgan’s payout ratio is 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 shares were sold at an average price of $26.65, for a total value 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 position. The sale 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 that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,490,996 in the last quarter. 12.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KMI. Morgan Stanley raised their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Mizuho raised their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Monday, March 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.64.

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.