UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 586,382 Shares of Kinder Morgan, Inc. (NYSE:KMI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,180,080 shares of the pipeline company's stock after selling 586,382 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.50% of Kinder Morgan worth $306,334,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KMI. Aaron Wealth Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $218,000. Diversify Advisory Services LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $419,000. Harbor Investment Advisory LLC boosted its position in Kinder Morgan by 65.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,540 shares of the pipeline company's stock worth $42,000 after purchasing an additional 610 shares during the period. Ballentine Partners LLC increased its holdings in shares of Kinder Morgan by 10.3% in the fourth quarter. Ballentine Partners LLC now owns 15,875 shares of the pipeline company's stock valued at $435,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $387,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMI. Citigroup boosted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Scotiabank boosted their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research report 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 report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.79.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the sale, the president now directly owns 807,652 shares of the company's stock, valued at approximately $23,219,995. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 54,000 shares of company stock worth $1,492,740 in the last 90 days. Insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

NYSE KMI traded up $0.33 during trading on Tuesday, hitting $28.19. 5,250,210 shares of the company's stock were exchanged, compared to its average volume of 13,945,464. The company has a market cap of $62.64 billion, a PE ratio of 24.08, a P/E/G ratio of 3.08 and a beta of 0.74. 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, Inc. has a fifty-two week low of $18.83 and a fifty-two week high of $31.48. The stock's 50 day moving average price is $27.21 and its two-hundred day moving average price is $27.41.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed 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 of this dividend was Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.15%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

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.