Morningstar Investment Management LLC Has $6.90 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Morningstar Investment Management LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,693 shares of the pipeline company’s stock after selling 14,169 shares during the period. Kinder Morgan makes up about 1.8% of Morningstar Investment Management LLC’s holdings, making the stock its 13th biggest position. Morningstar Investment Management LLC’s holdings in Kinder Morgan were worth $6,901,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kinder Morgan during the 4th quarter valued at approximately $25,000. VitalStone Financial LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $26,000. TD Capital Management LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter worth approximately $33,000. US Asset Management LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $33,000. Finally, MADDEN SECURITIES Corp acquired a new stake in Kinder Morgan during the 4th quarter valued at $36,000. 60.48% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of KMI remained flat at $16.22 during midday trading on Friday. The company’s stock had a trading volume of 4,923,131 shares, compared to its average volume of 12,625,387. The firm has a fifty day moving average of $17.07 and a 200 day moving average of $17.75. Kinder Morgan, Inc. has a 1 year low of $15.77 and a 1 year high of $20.20. The firm has a market capitalization of $36.35 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 5.04 and a beta of 0.94. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.91.

Kinder Morgan (NYSE:KMI – Get Rating) last released its quarterly earnings results on Wednesday, April 19th. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $4.75 billion. Kinder Morgan had a return on equity of 8.06% and a net margin of 13.62%. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.09 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a $0.2825 dividend. The ex-dividend date of this dividend was Friday, April 28th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.97%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein raised Kinder Morgan from a “market perform” rating to an “outperform” rating and raised their price target for the company from $19.00 to $22.00 in a report on Wednesday, March 1st. Barclays decreased their price objective on Kinder Morgan from $21.00 to $20.00 in a research report on Tuesday, April 18th. StockNews.com assumed coverage on Kinder Morgan in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Scotiabank assumed coverage on Kinder Morgan in a research report on Thursday, March 2nd. They issued a “sector perform” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.56.

Kinder Morgan Company Profile

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Kinder Morgan, Inc engages in providing pipeline transportation of natural gas services. It operates through the following business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment operates major interstate and intrastate natural gas pipelines and storage systems.