Kinder Morgan, Inc. (NYSE:KMI) Stock Position Lowered by Silver Lake Advisory LLC

Silver Lake Advisory LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,989 shares of the pipeline company’s stock after selling 9,901 shares during the period. Kinder Morgan makes up about 2.8% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 7th biggest holding. Silver Lake Advisory LLC’s holdings in Kinder Morgan were worth $6,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the third quarter worth about $28,000. Planning Capital Management Corp lifted its stake in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares in the last quarter. Finally, HM Payson & Co. grew its stake in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KMI shares. Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Scotiabank began coverage on shares of 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. UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Barclays upped their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $28.92.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 55,121 shares of company stock worth $1,497,000. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $30.50 on Friday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The company has a market capitalization of $67.77 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The business has a 50 day moving average price of $27.90 and a two-hundred day moving average price of $24.32. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 8.10%. Research analysts predict that Kinder Morgan, Inc. will post 1.27 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 3.77%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

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.