Edgemoor Investment Advisors Inc. lessened its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 305,207 shares of the pipeline company’s stock after selling 12,697 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Kinder Morgan were worth $5,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Welch Investments LLC purchased a new stake in Kinder Morgan during the third quarter worth about $102,000. Valeo Financial Advisors LLC purchased a new stake in Kinder Morgan during the third quarter worth about $104,000. Sit Investment Associates Inc. increased its holdings in Kinder Morgan by 237.1% during the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after buying an additional 4,730 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $126,000. Finally, Goodman Financial Corp purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $126,000. Institutional investors and hedge funds own 60.57% of the company’s stock.

In other news, VP Thomas A. Martin acquired 3,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, December 5th. The stock was bought at an average price of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William A. Smith bought 5,500 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were bought at an average price of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by insiders.

Several equities analysts have recently weighed in on KMI shares. Stifel Nicolaus reduced their target price on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Goldman Sachs Group downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $18.81 to $22.00 in a research note on Tuesday, October 17th. Morgan Stanley reduced their target price on shares of Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Finally, SunTrust Banks set a $23.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.66.

Kinder Morgan Inc (NYSE KMI) opened at $17.24 on Friday. The company has a market cap of $39,510.00, a P/E ratio of 1,724.00, a P/E/G ratio of 1.14 and a beta of 0.56. Kinder Morgan Inc has a 12 month low of $16.56 and a 12 month high of $22.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.35 and a current ratio of 0.44.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. Kinder Morgan’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. equities analysts forecast that Kinder Morgan Inc will post 0.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.50 annualized dividend and a yield of 2.90%. Kinder Morgan’s dividend payout ratio is currently 5,000.00%.

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Kinder Morgan Company Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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