Sound Shore Management Inc. CT Boosts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Sound Shore Management Inc. CT boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,397,307 shares of the pipeline company's stock after buying an additional 63,684 shares during the period. Kinder Morgan accounts for approximately 2.4% of Sound Shore Management Inc. CT's portfolio, making the stock its 25th biggest holding. Sound Shore Management Inc. CT owned about 0.11% of Kinder Morgan worth $68,395,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hurley Capital LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Sierra Ocean LLC lifted its holdings in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $26,000. Morse Asset Management Inc acquired a new position in shares of Kinder Morgan during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on KMI. Barclays reaffirmed an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Scotiabank upped their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Friday, July 18th. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Friday. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research note on Monday, July 7th. Finally, 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 research report on Thursday, July 17th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

Kinder Morgan Stock Down 0.5%

Shares of KMI traded down $0.15 during trading hours on Monday, reaching $27.25. The stock had a trading volume of 5,758,752 shares, compared to its average volume of 14,336,927. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. The company has a market capitalization of $60.54 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 3.48 and a beta of 0.75. The firm has a 50-day simple moving average of $27.95 and a 200 day simple moving average of $27.57. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated 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 transaction, the president owned 771,652 shares in the company, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.73% of the stock is owned by insiders.

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.