Atria Investments Inc Has $2.33 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Atria Investments Inc trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,148 shares of the pipeline company’s stock after selling 3,862 shares during the quarter. Atria Investments Inc’s holdings in Kinder Morgan were worth $2,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in KMI. Barclays PLC lifted its holdings in shares of Kinder Morgan by 39.9% during 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 during the last quarter. Fisher Funds Management LTD acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at about $62,534,000. National Bank of Canada FI lifted its holdings in shares of 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. National Pension Service lifted its holdings in shares of Kinder Morgan by 55.6% during the 4th quarter. National Pension Service now owns 4,573,495 shares of the pipeline company’s stock valued at $125,314,000 after buying an additional 1,634,631 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of 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. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho raised their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Finally, Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Down 0.6 %

Shares of KMI stock opened at $26.14 on Monday. Kinder Morgan, Inc. has a 12 month low of $17.45 and a 12 month high of $31.48. The firm has a market cap of $58.09 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The stock has a 50 day moving average of $27.71 and a 200-day moving average of $25.75. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current 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 dividend on an annualized basis and a dividend yield of 4.40%. Kinder Morgan’s payout ratio is 98.29%.

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.