Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 735,563 shares of the pipeline company's stock after selling 32,158 shares during the period. State of Tennessee Department of Treasury's holdings in Kinder Morgan were worth $20,154,000 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. Vanguard Group Inc. raised its stake in Kinder Morgan by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after acquiring an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC raised its stake in Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock worth $1,414,813,000 after acquiring an additional 1,252,609 shares during the last quarter. Norges Bank purchased a new position in Kinder Morgan in the 4th quarter worth $917,523,000. Bank of New York Mellon Corp raised its stake in Kinder Morgan by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company's stock worth $376,332,000 after acquiring an additional 1,093,242 shares during the last quarter. Finally, Amundi raised its stake in Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after acquiring an additional 2,650,040 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was 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 directly owns 825,652 shares of the company's stock, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock valued at $3,506,116. 12.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on KMI. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Citigroup lifted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.02 during mid-day trading on Friday, reaching $26.85. 9,264,214 shares of the stock traded hands, compared to its average volume of 13,947,768. The stock has a market capitalization of $59.66 billion, a PE ratio of 22.95, a PEG ratio of 3.08 and a beta of 0.72. The business has a 50-day moving average of $26.94 and a 200 day moving average of $27.06. Kinder Morgan, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. On average, analysts predict 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 will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.36%. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's dividend payout ratio is currently 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.