Elo Mutual Pension Insurance Co Sells 11,491 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Elo Mutual Pension Insurance Co lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 191,719 shares of the pipeline company’s stock after selling 11,491 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Kinder Morgan were worth $5,253,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Artisan Partners Limited Partnership acquired a new position in Kinder Morgan in the fourth quarter valued at about $87,729,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Kinder Morgan by 6.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,125,429 shares of the pipeline company’s stock worth $88,356,000 after acquiring an additional 196,691 shares in the last quarter. Ausdal Financial Partners Inc. bought a new stake in Kinder Morgan in the 4th quarter valued at $217,000. Financial Counselors Inc. increased its holdings in Kinder Morgan by 8.9% during the 4th quarter. Financial Counselors Inc. now owns 10,915 shares of the pipeline company’s stock worth $299,000 after purchasing an additional 888 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp raised its stake in shares of Kinder Morgan by 2.2% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 34,908 shares of the pipeline company’s stock valued at $956,000 after purchasing an additional 735 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions 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 transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,490,996 over the last quarter. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.8 %

KMI opened at $28.24 on Friday. The stock’s fifty day simple moving average is $27.51 and its 200 day simple moving average is $26.29. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The stock has a market cap of $62.75 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 8.09%. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.07%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KMI. Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised 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. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan 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.