Two Sigma Advisers LP Sells 214,300 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Two Sigma Advisers LP decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 75.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,900 shares of the pipeline company's stock after selling 214,300 shares during the period. Two Sigma Advisers LP's holdings in Kinder Morgan were worth $1,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $917,523,000. Raymond James Financial Inc. acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $157,804,000. Blackstone Inc. increased its holdings in shares of Kinder Morgan by 435.0% in the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after purchasing an additional 3,543,670 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $87,729,000. Finally, Amundi increased its holdings in shares of Kinder Morgan by 28.9% in the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after purchasing an additional 2,650,040 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded down $0.12 during trading on Tuesday, hitting $28.53. 1,188,459 shares of the stock were exchanged, compared to its average volume of 13,959,971. The stock has a market capitalization of $63.40 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company has a fifty day moving average price of $27.19 and a 200-day moving average price of $27.45. Kinder Morgan, Inc. has a 1-year low of $19.29 and a 1-year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.10%. Kinder Morgan's payout ratio is presently 100.86%.

Analyst Ratings Changes

A number of brokerages have issued reports on KMI. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Royal Bank of Canada raised their price objective 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. Scotiabank lifted their price target on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday, April 21st. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.79.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares of the company's stock, valued at $21,970,599.72. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 54,000 shares of company stock valued at $1,492,740. Company insiders own 12.73% of the company's stock.

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.