Oxbow Advisors LLC Lowers Stake in Kinder Morgan, Inc. (NYSE:KMI)

Oxbow Advisors LLC cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 58.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 189,912 shares of the pipeline company’s stock after selling 268,964 shares during the quarter. Oxbow Advisors LLC’s holdings in Kinder Morgan were worth $5,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $29,000. Finally, Planning Capital Management Corp boosted its position 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 during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 0.7 %

KMI opened at $26.41 on Friday. The firm has a market capitalization of $58.67 billion, a P/E ratio of 22.57, a P/E/G ratio of 3.11 and a beta of 0.94. The firm’s 50 day moving average is $27.77 and its 200-day moving average is $25.30. Kinder Morgan, Inc. has a 52-week low of $17.02 and a 52-week high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid 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 4.36%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction 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 completion of the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan 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 completion of the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock worth $3,504,136. Insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Barclays lifted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.14.

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.