Titleist Asset Management LLC Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Titleist Asset Management LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,670 shares of the pipeline company’s stock after selling 4,465 shares during the quarter. Titleist Asset Management LLC’s holdings in Kinder Morgan were worth $731,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 8.9 %

NYSE KMI opened at $25.27 on Monday. The business’s fifty day simple moving average is $27.20 and its 200-day simple moving average is $26.65. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market cap of $56.14 billion, a PE ratio of 21.59, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 annualized dividend and a yield of 4.55%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18 % decrease in their position. 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 the stock in a transaction dated 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 directly 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. Insiders have sold 129,461 shares of company stock worth $3,506,116 over the last quarter. 12.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley lifted their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price 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.