BI Asset Management Fondsmaeglerselskab A S Cuts Position in Kinder Morgan, Inc. (NYSE:KMI)

BI Asset Management Fondsmaeglerselskab A S lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 28.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,108 shares of the pipeline company’s stock after selling 29,949 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Kinder Morgan were worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of KMI. Norges Bank purchased a new position in Kinder Morgan in the fourth quarter worth $917,523,000. Raymond James Financial Inc. purchased a new stake in Kinder Morgan in the fourth quarter valued at about $157,804,000. Artisan Partners Limited Partnership purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $87,729,000. Amundi raised its position in shares of Kinder Morgan by 28.9% in the 4th 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 during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in Kinder Morgan by 223.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company’s stock worth $94,968,000 after purchasing an additional 2,395,930 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 4.8 %

Shares of KMI opened at $25.81 on Tuesday. The firm’s fifty day moving average is $26.94 and its two-hundred day moving average is $26.97. The stock has a market cap of $57.35 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52-week low of $18.13 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Research analysts forecast 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. Stockholders of record on Wednesday, April 30th will be paid a $0.2925 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.53%. Kinder Morgan’s dividend payout ratio is 99.14%.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan 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 sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,461 shares of company stock valued at $3,506,116. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMI. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Royal Bank of Canada lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Scotiabank lifted their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Finally, Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven research 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.64.

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.