Hartford Investment Management Co. Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Hartford Investment Management Co. decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 119,190 shares of the pipeline company’s stock after selling 2,306 shares during the period. Hartford Investment Management Co.’s holdings in Kinder Morgan were worth $3,266,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after purchasing an additional 29,861 shares during the period. Global Retirement Partners LLC lifted its holdings in Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after buying an additional 776 shares during the period. Principal Financial Group Inc. lifted its holdings in Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares during the period. Golden State Equity Partners lifted its holdings in Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after buying an additional 15,800 shares during the period. Finally, Barclays PLC lifted its holdings in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.9 %

Shares of Kinder Morgan stock opened at $26.29 on Thursday. The firm has a market capitalization of $58.41 billion, a PE ratio of 22.47, a P/E/G ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The firm’s 50-day moving average price is $27.87 and its 200 day moving average price is $25.04. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KMI shares. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Morgan Stanley upped their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. 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 report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.14.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 54,000 shares of company stock valued at $1,493,100 in the last ninety days. 12.64% of the stock is currently owned by corporate insiders.

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.