Adell Harriman & Carpenter Inc. Trims Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Adell Harriman & Carpenter Inc. lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,752 shares of the pipeline company’s stock after selling 9,002 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Kinder Morgan were worth $1,308,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP increased its position in shares of Kinder Morgan by 0.7% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after purchasing an additional 69,307 shares during the last quarter. Barclays PLC lifted its position in shares of Kinder Morgan by 39.9% during the third 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 during the last quarter. Bank of Montreal Can grew its stake in Kinder Morgan by 2.2% in the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after purchasing an additional 164,152 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after buying an additional 29,861 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Kinder Morgan by 30.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock valued at $88,534,000 after buying an additional 932,469 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 54,000 shares of company stock worth $1,493,100 in the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on KMI shares. UBS Group lifted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Citigroup lifted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Barclays increased their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Stock Performance

KMI opened at $26.61 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $27.82 and its 200-day moving average is $25.06. The stock has a market cap of $59.11 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $16.51 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. On average, analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio 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.