Walled Lake Planning & Wealth Management LLC Sells 1,615 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Walled Lake Planning & Wealth Management LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,490 shares of the pipeline company’s stock after selling 1,615 shares during the quarter. Walled Lake Planning & Wealth Management LLC’s holdings in Kinder Morgan were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Kinder Morgan by 0.7% in the fourth 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 in the last quarter. Norges Bank acquired a new position in Kinder Morgan during the 4th quarter valued at about $917,523,000. Bank of New York Mellon Corp increased its holdings in Kinder Morgan by 8.6% during 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 in the last quarter. Amundi raised its stake in shares of Kinder Morgan by 28.9% in the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock worth $334,381,000 after purchasing an additional 2,650,040 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,461 shares of company stock worth $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.39 on Friday. 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, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48. The stock has a market cap of $63.07 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The stock has a fifty day moving average of $27.48 and a 200-day moving average of $26.38.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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 8.09%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.05%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Analyst Ratings Changes

Several equities analysts have weighed in on KMI shares. UBS Group raised their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Mizuho lifted their target price 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. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

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.