MTM Investment Management LLC Has $7.66 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

MTM Investment Management LLC lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 12.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 267,474 shares of the pipeline company's stock after selling 37,505 shares during the quarter. Kinder Morgan makes up approximately 3.0% of MTM Investment Management LLC's holdings, making the stock its 4th biggest position. MTM Investment Management LLC's holdings in Kinder Morgan were worth $7,658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $917,523,000. Assenagon Asset Management S.A. increased its holdings in Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after acquiring an additional 3,718,521 shares in the last quarter. Blackstone Inc. increased its holdings in Kinder Morgan by 435.0% in the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after acquiring an additional 3,543,670 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $87,729,000. Finally, Pictet Asset Management Holding SA increased its holdings in Kinder Morgan by 223.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company's stock worth $94,968,000 after acquiring an additional 2,395,930 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KMI shares. Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating for the company. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Royal Bank Of Canada increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Finally, Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.47.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.41 during midday trading on Thursday, reaching $27.50. 24,724,464 shares of the stock traded hands, compared to its average volume of 13,967,543. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The stock has a market capitalization of $61.10 billion, a PE ratio of 22.54, a P/E/G ratio of 3.01 and a beta of 0.75. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48. The company's 50 day moving average is $27.99 and its 200 day moving average is $27.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting analysts' consensus estimates of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.32% and a net margin of 17.06%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.2925 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.26%. Kinder Morgan's dividend payout ratio is presently 100.86%.

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.