Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Camelot Portfolios LLC

Camelot Portfolios LLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 23.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,387 shares of the pipeline company’s stock after selling 9,116 shares during the period. Camelot Portfolios LLC’s holdings in Kinder Morgan were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KMI. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after buying an additional 29,861 shares during the last quarter. Principal Financial Group Inc. boosted its position in Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares in the last quarter. Golden State Equity Partners grew its stake in shares of Kinder Morgan by 2,507.9% during the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 15,800 shares during the period. Barclays PLC increased its holdings in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Kinder Morgan by 116.1% in the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock valued at $5,772,000 after purchasing an additional 113,173 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 0.7 %

KMI opened at $26.41 on Friday. The firm has a market capitalization of $58.67 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 3.11 and a beta of 0.94. The company’s 50 day simple moving average is $27.77 and its two-hundred day simple moving average is $25.30. Kinder Morgan, Inc. has a 1-year low of $17.02 and a 1-year high of $31.48. 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 (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.14.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated 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 approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,504,136 over the last ninety days. Company insiders own 12.64% of the company’s stock.

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.