Coronation Fund Managers Ltd. Reduces Position in Kinder Morgan, Inc. (NYSE:KMI)

Coronation Fund Managers Ltd. trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 531,358 shares of the pipeline company’s stock after selling 100,948 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in Kinder Morgan were worth $14,559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Kinder Morgan by 0.7% during 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 purchasing an additional 29,861 shares during the last quarter. Global Retirement Partners LLC increased its stake in Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after buying an additional 776 shares during the period. Principal Financial Group Inc. lifted its holdings in Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares in the last quarter. Golden State Equity Partners boosted its position in Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after buying an additional 15,800 shares during the period. Finally, Barclays PLC grew its stake in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Barclays raised their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Bank of America assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 54,000 shares of company stock valued at $1,493,100 in the last three months. 12.64% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of KMI opened at $27.07 on Monday. The company has a 50 day moving average of $27.89 and a two-hundred day moving average of $24.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a market cap of $60.13 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. As a group, analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

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.