Arrowstreet Capital Limited Partnership Has $34.53 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,260,145 shares of the pipeline company’s stock after selling 357,687 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Kinder Morgan were worth $34,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. L & S Advisors Inc bought a new position in Kinder Morgan in the 4th quarter valued at approximately $3,890,000. Strategy Asset Managers LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $7,821,000. Hobbs Group Advisors LLC grew its position in Kinder Morgan by 5.1% during the 4th quarter. Hobbs Group Advisors LLC now owns 34,949 shares of the pipeline company’s stock worth $958,000 after acquiring an additional 1,692 shares during the last quarter. Allstate Corp acquired a new position in Kinder Morgan in the 4th quarter worth about $1,644,000. Finally, RiverFront Investment Group LLC grew its holdings in shares of Kinder Morgan by 79.6% during the fourth quarter. RiverFront Investment Group LLC now owns 56,122 shares of the pipeline company’s stock worth $1,538,000 after purchasing an additional 24,870 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $28.93 on Thursday. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The stock has a market capitalization of $64.28 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company’s 50-day moving average is $27.35 and its 200-day moving average is $26.54. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 3.98%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Analysts Set New Price Targets

KMI has been the topic of several recent research reports. Barclays upgraded 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 research report on Monday, March 3rd. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group raised their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the company’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 sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,461 shares of company stock valued at $2,988,616. Corporate insiders own 12.81% 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.