Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Gables Capital Management Inc.

Gables Capital Management Inc. reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,445 shares of the pipeline company’s stock after selling 2,494 shares during the period. Gables Capital Management Inc.’s holdings in Kinder Morgan were worth $1,410,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KMI. Principal Financial Group Inc. grew its holdings in Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after acquiring an additional 71,984 shares during the period. Capital Performance Advisors LLP purchased a new position in Kinder Morgan in the 3rd quarter worth about $43,000. Leavell Investment Management Inc. purchased a new position in Kinder Morgan in the 3rd quarter worth about $310,000. Assetmark Inc. increased its stake in Kinder Morgan by 50.6% in the 3rd quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock worth $95,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Kinder Morgan by 8.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 990,445 shares of the pipeline company’s stock worth $21,879,000 after purchasing an additional 75,194 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KMI. Citigroup lifted their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Mizuho lifted their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their target price 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. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Trading Down 0.2 %

Shares of NYSE KMI opened at $26.08 on Tuesday. The stock has a market cap of $57.94 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 3.08 and a beta of 0.94. The business has a 50 day simple moving average of $27.69 and a 200 day simple moving average of $25.79. Kinder Morgan, Inc. has a 52 week low of $17.45 and a 52 week high of $31.48. 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 (NYSE:KMI) last announced its quarterly earnings results 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, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given 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 4.41%. Kinder Morgan’s payout ratio is currently 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 220,681 shares of the company’s stock, 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 sold 129,461 shares of company stock valued at $3,490,996 over the last 90 days. 12.64% of the stock is currently owned by company insiders.

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.