Geode Capital Management LLC Has $1.41 Billion Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Geode Capital Management LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,759,844 shares of the pipeline company’s stock after acquiring an additional 1,252,609 shares during the period. Geode Capital Management LLC owned about 2.33% of Kinder Morgan worth $1,414,813,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. HighPoint Advisor Group LLC lifted its position in Kinder Morgan by 5.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 66,777 shares of the pipeline company’s stock worth $1,791,000 after purchasing an additional 3,532 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Kinder Morgan by 17.4% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 56,379 shares of the pipeline company’s stock worth $1,545,000 after acquiring an additional 8,363 shares during the period. Summit Financial LLC boosted its position in shares of Kinder Morgan by 258.0% during the 4th quarter. Summit Financial LLC now owns 39,435 shares of the pipeline company’s stock valued at $1,081,000 after acquiring an additional 28,420 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Kinder Morgan by 15.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 523,550 shares of the pipeline company’s stock worth $14,345,000 after purchasing an additional 69,085 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in Kinder Morgan during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMI. UBS Group upped their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. 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. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Finally, Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Kinder Morgan Stock Up 0.3 %

Shares of KMI opened at $28.63 on Wednesday. The business’s fifty day moving average price is $27.39 and its two-hundred day moving average price is $26.52. The firm has a market capitalization of $63.60 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 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 data 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 return on equity of 8.09% and a net margin of 17.31%. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.02%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,461 shares of company stock valued at $3,490,996. Company insiders own 12.81% 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.