Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 30.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,136 shares of the pipeline company’s stock after selling 1,385 shares during the period. Thompson Investment Management Inc.’s holdings in Kinder Morgan were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clarius Group LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $206,000. Carnegie Investment Counsel raised its holdings in shares of Kinder Morgan by 2.7% in the third quarter. Carnegie Investment Counsel now owns 633,873 shares of the pipeline company’s stock worth $14,002,000 after acquiring an additional 16,649 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Kinder Morgan by 2.9% in the third quarter. Exchange Traded Concepts LLC now owns 2,068,338 shares of the pipeline company’s stock valued at $45,690,000 after acquiring an additional 57,462 shares in the last quarter. CHICAGO TRUST Co NA boosted its stake in shares of Kinder Morgan by 30.1% during the third quarter. CHICAGO TRUST Co NA now owns 25,286 shares of the pipeline company’s stock valued at $559,000 after acquiring an additional 5,852 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its position in Kinder Morgan by 23.1% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 18,522 shares of the pipeline company’s stock worth $409,000 after purchasing an additional 3,480 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other 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 sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 54,000 shares of company stock worth $1,493,100 over the last 90 days. Company insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of several analyst reports. Morgan Stanley raised their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Barclays increased their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group raised their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.07 on Monday. The firm has a fifty day moving average of $27.89 and a 200-day moving average of $24.94. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $60.13 billion, a P/E ratio of 23.13, a PEG ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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 net margin of 17.31% and a return on equity of 8.09%. As a group, analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Announces Dividend

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