Loomis Sayles & Co. L P Has $67,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Loomis Sayles & Co. L P decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 28.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,434 shares of the pipeline company’s stock after selling 951 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Kinder Morgan were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Xponance Inc. boosted its stake in shares of Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock worth $8,303,000 after buying an additional 15,114 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 valued at $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Golden State Equity Partners grew its stake in Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after purchasing an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of Kinder Morgan by 2.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock worth $62,062,000 after purchasing an additional 44,474 shares during the last quarter. Finally, Barclays PLC raised its stake 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 worth $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business’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 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. The trade was a 25.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % 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 in the last three months. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.6 %

KMI stock opened at $28.39 on Monday. The business’s fifty day moving average price is $27.48 and its two-hundred day moving average price is $26.42. The stock has a market capitalization of $63.07 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48. 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 posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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 anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed 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 4.05%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

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.