Schonfeld Strategic Advisors LLC Sells 12,418 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Schonfeld Strategic Advisors LLC lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 29.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,932 shares of the pipeline company's stock after selling 12,418 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Kinder Morgan were worth $820,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the 4th quarter worth about $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan during the 4th quarter worth about $25,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $29,000. Finally, SRS Capital Advisors Inc. raised its holdings in Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after purchasing an additional 703 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of NYSE KMI remained flat at $27.31 during trading hours on Monday. The stock had a trading volume of 13,045,570 shares, compared to its average volume of 13,996,229. The stock has a market capitalization of $60.68 billion, a PE ratio of 23.34, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 12 month low of $18.83 and a 12 month high of $31.48. The firm's fifty day moving average price is $27.02 and its 200 day moving average price is $27.21.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 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 firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.28%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total value of $496,260.00. Following the completion of the sale, the president now owns 789,652 shares in the company, valued at $21,770,705.64. The trade was a 2.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock valued at $3,503,776. 12.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. Scotiabank boosted their price objective on Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, April 21st. UBS Group increased their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Morgan Stanley increased their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Mizuho increased their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, Citigroup increased their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $29.79.

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.