M&T Bank Corp Trims Holdings in Kinder Morgan, Inc. (NYSE:KMI)

M&T Bank Corp lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,704 shares of the pipeline company’s stock after selling 691 shares during the period. M&T Bank Corp’s holdings in Kinder Morgan were worth $5,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 703 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI stock opened at $26.14 on Friday. The stock has a market capitalization of $58.09 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.45 and a 12-month high of $31.48. 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’s 50 day simple moving average is $27.71 and its 200 day simple moving average is $25.68.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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%. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid 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 yield of 4.40%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KMI shares. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group boosted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. 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. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on 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 approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,490,996. 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.