Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,780 shares of the pipeline company’s stock after selling 6,574 shares during the quarter. Redmond Asset Management LLC’s holdings in Kinder Morgan were worth $3,446,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Kinder Morgan by 0.7% in the 3rd 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 period. Principal Financial Group Inc. raised its holdings in shares of 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 during the period. Golden State Equity Partners grew its holdings 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 position in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Kinder Morgan by 116.1% in the fourth quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock valued at $5,772,000 after buying an additional 113,173 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This represents a 2.09 % 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 quarter. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $26.41 on Friday. The company has a market capitalization of $58.67 billion, a P/E ratio of 22.57, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $17.02 and a 1-year high of $31.48. The company has a 50-day moving average of $27.77 and a 200-day moving average of $25.30. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Analyst Ratings Changes

KMI has been the subject of several research reports. The Goldman Sachs Group boosted 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. Barclays increased their price target on 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 research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $29.14.

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.