Redwood Investment Management LLC Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Redwood Investment Management LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 20.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 72,675 shares of the pipeline company’s stock after selling 19,239 shares during the period. Redwood Investment Management LLC’s holdings in Kinder Morgan were worth $1,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the fourth quarter worth about $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth approximately $25,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan in the fourth quarter worth approximately $29,000. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 29th. Finally, Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.79.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,503,776 in the last quarter. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $27.38 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. The company’s 50-day moving average is $27.08 and its 200 day moving average is $27.23. Kinder Morgan, Inc. has a 1-year low of $18.83 and a 1-year high of $31.48. The firm has a market capitalization of $60.84 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Wednesday, April 30th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is 100.86%.

Kinder Morgan Company 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.