Cascade Investment Advisors Inc. Sells 1,075 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Cascade Investment Advisors Inc. trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,686 shares of the pipeline company’s stock after selling 1,075 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Kinder Morgan were worth $1,690,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nilsine Partners LLC boosted its position in Kinder Morgan by 13.0% in the 4th quarter. Nilsine Partners LLC now owns 16,856 shares of the pipeline company’s stock valued at $462,000 after buying an additional 1,938 shares during the period. Baldwin Wealth Partners LLC MA raised its stake in shares of Kinder Morgan by 16.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 10,111 shares of the pipeline company’s stock valued at $277,000 after acquiring an additional 1,393 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Kinder Morgan by 5.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 44,876 shares of the pipeline company’s stock worth $1,230,000 after purchasing an additional 2,401 shares in the last quarter. United Asset Strategies Inc. increased its holdings in Kinder Morgan by 0.8% during the 4th quarter. United Asset Strategies Inc. now owns 549,186 shares of the pipeline company’s stock worth $15,048,000 after purchasing an additional 4,343 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Kinder Morgan by 30.9% in the 4th quarter. Blue Trust Inc. now owns 32,497 shares of the pipeline company’s stock worth $890,000 after buying an additional 7,679 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KMI has been the topic of several research reports. Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. UBS Group lifted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada lifted their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.23.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 over the last quarter. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $27.39 on Tuesday. The firm has a market capitalization of $60.86 billion, a P/E ratio of 23.41, a PEG ratio of 4.13 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average price of $28.03 and a 200 day moving average price of $24.50.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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 8.10% and a net margin of 17.31%. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is 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.