Bessemer Group Inc. Cuts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Bessemer Group Inc. reduced its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,992,665 shares of the pipeline company's stock after selling 447,424 shares during the quarter. Bessemer Group Inc. owned approximately 0.27% of Kinder Morgan worth $170,971,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Xponance Inc. boosted its holdings in Kinder Morgan by 5.2% during the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after purchasing an additional 15,114 shares during the last quarter. Royal London Asset Management Ltd. lifted 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 buying an additional 44,474 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $385,000. KLP Kapitalforvaltning AS bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $21,774,000. Finally, Bridgewealth Advisory Group LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $377,000. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president now owns 771,652 shares of the company's stock, valued at approximately $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 54,000 shares of company stock worth $1,522,440 in the last three months. Corporate insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMI. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Barclays raised their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday. Scotiabank boosted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Finally, Stifel Nicolaus increased their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.29.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.57 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. Kinder Morgan, Inc. has a fifty-two week low of $19.47 and a fifty-two week high of $31.48. The stock has a market cap of $63.49 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The stock has a fifty day moving average of $27.50 and a 200-day moving average of $27.44.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.09%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

About Kinder Morgan

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.

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