Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Aviva PLC

Aviva PLC lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,296,348 shares of the pipeline company’s stock after selling 316,006 shares during the quarter. Aviva PLC’s holdings in Kinder Morgan were worth $62,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company’s stock valued at $5,557,983,000 after buying an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kinder Morgan by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company’s stock valued at $1,414,813,000 after acquiring an additional 1,252,609 shares during the last quarter. Norges Bank acquired a new position in Kinder Morgan during the 4th quarter worth $917,523,000. Bank of New York Mellon Corp increased its position in shares of 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 purchasing an additional 1,093,242 shares during the last quarter. Finally, Amundi raised its stake in shares of Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after purchasing an additional 2,650,040 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 8.9 %

Shares of KMI stock opened at $25.27 on Friday. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The firm has a market capitalization of $56.14 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The stock has a fifty day moving average of $27.20 and a two-hundred day moving average of $26.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.55%. Kinder Morgan’s payout ratio is 98.29%.

Analyst Ratings Changes

KMI has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Royal Bank of Canada lifted their price objective 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. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.64.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 over the last ninety days. Company insiders own 12.81% of the company’s stock.

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.