Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 26.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,959,400 shares of the pipeline company’s stock after selling 1,086,777 shares during the quarter. Kinder Morgan comprises 1.3% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 14th biggest position. Thompson Siegel & Walmsley LLC’s holdings in Kinder Morgan were worth $81,088,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its position in shares of Kinder Morgan by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 882,795 shares of the pipeline company’s stock worth $24,189,000 after buying an additional 18,201 shares in the last quarter. Balboa Wealth Partners bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $548,000. Bowen Hanes & Co. Inc. bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $3,520,000. Rakuten Securities Inc. raised its holdings in shares of Kinder Morgan by 52.5% in the 4th quarter. Rakuten Securities Inc. now owns 1,516 shares of the pipeline company’s stock worth $42,000 after purchasing an additional 522 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Kinder Morgan by 8.5% in the 4th quarter. Great Lakes Advisors LLC now owns 620,754 shares of the pipeline company’s stock worth $17,009,000 after purchasing an additional 48,792 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $26.54 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $31.48. The firm has a fifty day moving average price of $27.65 and a two-hundred day moving average price of $25.83. The company has a market cap of $58.96 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMI. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. 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. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Morgan Stanley lifted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Citigroup boosted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $29.64.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 129,461 shares of company stock valued at $3,490,996. Company insiders own 12.64% of the company’s stock.

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.