TCW Group Inc. Sells 319,861 Shares of Kinder Morgan Inc (KMI)

TCW Group Inc. cut its stake in Kinder Morgan Inc (NYSE:KMI) by 72.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 121,188 shares of the pipeline company’s stock after selling 319,861 shares during the quarter. TCW Group Inc.’s holdings in Kinder Morgan were worth $2,190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedbush Securities Inc. grew its position in shares of Kinder Morgan by 8.2% in the fourth quarter. Wedbush Securities Inc. now owns 67,644 shares of the pipeline company’s stock valued at $1,222,000 after purchasing an additional 5,113 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Kinder Morgan by 192.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 15,821 shares of the pipeline company’s stock valued at $286,000 after purchasing an additional 10,409 shares in the last quarter. Ferris Capital LLC grew its position in shares of Kinder Morgan by 30.7% in the fourth quarter. Ferris Capital LLC now owns 22,583 shares of the pipeline company’s stock valued at $408,000 after purchasing an additional 5,299 shares in the last quarter. Taylor Hoffman Wealth Management purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $165,000. Finally, Virtu Financial LLC grew its position in shares of Kinder Morgan by 219.9% in the fourth quarter. Virtu Financial LLC now owns 171,852 shares of the pipeline company’s stock valued at $3,105,000 after purchasing an additional 118,127 shares in the last quarter. Institutional investors own 61.30% of the company’s stock.

Shares of Kinder Morgan Inc (NYSE KMI) opened at $16.98 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.37 and a current ratio of 0.44. Kinder Morgan Inc has a 52 week low of $16.56 and a 52 week high of $21.98. The stock has a market capitalization of $37,503.14, a PE ratio of 1,698.25, a price-to-earnings-growth ratio of 1.15 and a beta of 0.56.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.94%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 5,000.00%.

In other news, VP Thomas A. Martin purchased 3,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was purchased at an average price of $17.10 per share, with a total value of $51,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William A. Smith purchased 5,500 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were purchased at an average cost of $19.52 per share, with a total value of $107,360.00. Following the purchase, 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. Insiders own 13.99% of the company’s stock.

Several equities analysts have recently weighed in on KMI shares. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating and set a $22.00 price objective on shares of Kinder Morgan in a research note on Wednesday, November 15th. Bank of America initiated coverage on Kinder Morgan in a research note on Tuesday, January 9th. They set a “neutral” rating for the company. Morgan Stanley dropped their price objective on 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, Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.50.

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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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