Sustainable Insight Capital Management LLC Acquires Shares of 13,100 Kinder Morgan, Inc. (NYSE:KMI)

Sustainable Insight Capital Management LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 13,100 shares of the pipeline company’s stock, valued at approximately $359,000.

Several other large investors have also recently modified their holdings of KMI. Duquesne Family Office LLC grew its holdings in shares of Kinder Morgan by 74.0% in the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock worth $134,185,000 after purchasing an additional 2,872,665 shares during the last quarter. Barclays PLC grew its stake in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. National Bank of Canada FI increased its position in shares of Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after acquiring an additional 2,194,489 shares during the period. International Assets Investment Management LLC raised its stake in shares of Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after acquiring an additional 2,053,612 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Kinder Morgan by 295.2% in the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after purchasing an additional 1,257,428 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.9 %

Shares of Kinder Morgan stock opened at $30.50 on Friday. The stock has a market cap of $67.77 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The firm has a fifty day moving average price of $27.90 and a 200 day moving average price of $24.32. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

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%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 3.77%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KMI. UBS Group upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group increased their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $28.92.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock worth $1,497,000 in the last 90 days. Corporate 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.