Redwood Investment Management LLC Cuts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Redwood Investment Management LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,675 shares of the pipeline company’s stock after selling 19,239 shares during the period. Redwood Investment Management LLC’s holdings in Kinder Morgan were worth $1,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMI. Hurley Capital LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth approximately $25,000. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan during the 4th quarter valued at about $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan during the 4th quarter valued at approximately $25,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $29,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, 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 transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares of the company’s stock, valued at $21,970,599.72. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,503,776 in the last three months. Insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on KMI shares. Citigroup raised their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Finally, Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Seven investment 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 company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $29.79.

Kinder Morgan Stock Down 0.4%

Shares of NYSE:KMI opened at $27.38 on Thursday. Kinder Morgan, Inc. has a 12-month low of $18.83 and a 12-month high of $31.48. The stock has a market capitalization of $60.84 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.08 and a beta of 0.74. The stock has a fifty day simple moving average of $27.08 and a two-hundred day simple moving average of $27.23. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.27%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is 100.86%.

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.