Keybank National Association OH Sells 808 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Keybank National Association OH decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,441 shares of the pipeline company’s stock after selling 808 shares during the quarter. Keybank National Association OH’s holdings in Kinder Morgan were worth $13,109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI grew its stake in Kinder Morgan by 51.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 16,437 shares of the pipeline company’s stock worth $450,000 after buying an additional 5,597 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Kinder Morgan by 3.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 203,113 shares of the pipeline company’s stock worth $5,565,000 after acquiring an additional 7,432 shares during the last quarter. Schechter Investment Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter worth $233,000. Wernau Asset Management Inc. bought a new position in Kinder Morgan in the fourth quarter valued at $646,000. Finally, SBI Securities Co. Ltd. bought a new stake in Kinder Morgan during the fourth quarter worth about $907,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 0.4 %

NYSE KMI opened at $27.04 on Wednesday. Kinder Morgan, Inc. has a 1 year low of $17.45 and a 1 year high of $31.48. The stock has a market capitalization of $60.07 billion, a PE ratio of 23.11, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The business’s 50-day moving average is $27.76 and its 200 day moving average is $25.64.

Kinder Morgan (NYSE:KMI) last issued 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%. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

Analyst Upgrades and Downgrades

KMI has been the topic of several recent research reports. UBS Group increased their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Citigroup increased their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Monday. Finally, The Goldman Sachs Group boosted their price target 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. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.21.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’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 completion of the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the company’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 transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,461 shares of company stock valued at $3,012,016. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Company 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.