33,078 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Groupama Asset Managment

Groupama Asset Managment bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, Holdings Channel.com reports. The fund bought 33,078 shares of the pipeline company’s stock, valued at approximately $905,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $29,000. Finally, SRS Capital Advisors Inc. grew its stake in Kinder Morgan by 178.0% during the fourth 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 period. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the 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 transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,461 shares of company stock worth $2,988,616. 12.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KMI shares. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Citigroup raised their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley upped their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $28.93 on Thursday. 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 firm has a 50-day moving average of $27.35 and a 200-day moving average of $26.54. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The company has a market cap of $64.28 billion, a P/E ratio of 24.73, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its 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 return on equity of 8.09% and a net margin of 17.31%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

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.