KBC Group NV Has $6 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

KBC Group NV cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,782 shares of the pipeline company’s stock after selling 18,571 shares during the quarter. KBC Group NV’s holdings in Kinder Morgan were worth $5,995,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the 3rd quarter worth approximately $28,000. Planning Capital Management Corp lifted its holdings in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the last quarter. Finally, HM Payson & Co. boosted its position in shares of Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $28.08 on Friday. The firm has a market cap of $62.37 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 4.13 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The company has a 50 day moving average of $28.00 and a 200-day moving average of $24.62.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KMI. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup lifted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. 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. 12.64% of the stock is currently owned by corporate insiders.

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.