BI Asset Management Fondsmaeglerselskab A S Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 28.2% in the 4th quarter, HoldingsChannel reports. The firm owned 76,108 shares of the pipeline company’s stock after selling 29,949 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Kinder Morgan were worth $2,085,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Kinder Morgan by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company’s stock worth $5,557,983,000 after buying an additional 1,469,759 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company’s stock valued at $1,414,813,000 after purchasing an additional 1,252,609 shares during the last quarter. Norges Bank purchased a new stake in shares of Kinder Morgan during the 4th quarter worth $917,523,000. Bank of New York Mellon Corp raised its stake in Kinder Morgan by 8.6% in the fourth quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company’s stock valued at $376,332,000 after buying an additional 1,093,242 shares in the last quarter. Finally, Amundi boosted its position in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock worth $334,381,000 after acquiring an additional 2,650,040 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KMI shares. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $25.81 on Tuesday. 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, Inc. has a one year low of $18.13 and a one year high of $31.48. The company’s fifty day moving average is $26.94 and its two-hundred day moving average is $26.97. The firm has a market capitalization of $57.35 billion, a P/E ratio of 22.06, a PEG ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.53%. The ex-dividend date is Wednesday, April 30th. Kinder Morgan’s dividend payout ratio (DPR) is 99.14%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the sale, the president now directly owns 825,652 shares of the company’s stock, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,506,116 over the last quarter. Corporate insiders own 12.73% of the company’s stock.

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.