Sigma Investment Counselors Inc. Has $2.66 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Sigma Investment Counselors Inc. decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,157 shares of the pipeline company’s stock after selling 2,664 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Kinder Morgan were worth $2,662,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KMI. Barclays PLC raised its stake in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Fisher Funds Management LTD bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $62,534,000. National Bank of Canada FI grew its holdings in shares of Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after purchasing an additional 2,053,612 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Kinder Morgan by 847.4% in the 4th quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock worth $40,420,000 after purchasing an additional 1,319,474 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.41 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a market capitalization of $58.67 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company’s 50 day moving average price is $27.77 and its two-hundred day moving average price is $25.33. Kinder Morgan, Inc. has a 52 week low of $17.02 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly 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 return on equity of 8.09% and a net margin of 17.31%. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.36%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were 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 directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,461 shares of company stock valued at $3,504,136. 12.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KMI has been the topic of a number of research analyst reports. Citigroup increased 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. Barclays raised their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Scotiabank assumed coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, UBS Group increased their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Nine 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 presently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan 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.