MeadowBrook Investment Advisors LLC Sells 12,985 Shares of Kinder Morgan, Inc. (NYSE:KMI)

MeadowBrook Investment Advisors LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 54.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,772 shares of the pipeline company’s stock after selling 12,985 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Kinder Morgan were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its position in Kinder Morgan by 39.9% in the 3rd 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 period. National Bank of Canada FI raised its stake in Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after buying an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC raised its stake in Kinder Morgan by 1,849.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after buying an additional 2,053,612 shares during the last quarter. Jennison Associates LLC raised its stake in Kinder Morgan by 847.4% during the 4th quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock valued at $40,420,000 after buying an additional 1,319,474 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in Kinder Morgan by 295.2% during the 3rd quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after buying an additional 1,257,428 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.1 %

Shares of Kinder Morgan stock opened at $26.78 on Wednesday. The company has a market capitalization of $59.48 billion, a P/E ratio of 22.88, a P/E/G ratio of 3.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The company has a fifty day moving average of $27.89 and a 200 day moving average of $25.01. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analyst Weigh In

KMI has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Barclays boosted 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 report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. UBS Group boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective 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. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.14.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 54,000 shares of company stock valued at $1,493,100 in the last 90 days. Insiders own 12.64% 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.