Capital Management Corp VA Sells 63,778 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Capital Management Corp VA lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 403,717 shares of the pipeline company’s stock after selling 63,778 shares during the period. Kinder Morgan makes up about 2.0% of Capital Management Corp VA’s portfolio, making the stock its 22nd largest position. Capital Management Corp VA’s holdings in Kinder Morgan were worth $11,062,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMI. Bank of New York Mellon Corp increased its position in shares of Kinder Morgan by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company’s stock worth $376,332,000 after purchasing an additional 1,093,242 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after buying an additional 69,307 shares during the last quarter. Barclays PLC increased its position in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Bank of Montreal Can raised its stake in Kinder Morgan by 2.2% in the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock valued at $163,116,000 after buying an additional 164,152 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Kinder Morgan in the fourth quarter worth about $157,804,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.14 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The stock has a market capitalization of $58.09 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.08 and a beta of 0.94. The firm’s 50 day simple moving average is $27.71 and its 200-day simple moving average is $25.68. Kinder Morgan, Inc. has a 12 month low of $17.45 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.40%. Kinder Morgan’s payout ratio is 98.29%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on 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 completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KMI shares. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a 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 given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

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.