Cullen Frost Bankers Inc. Trims Stock Position in Kinder Morgan Inc (NYSE:KMI)

Cullen Frost Bankers Inc. cut its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,525 shares of the pipeline company’s stock after selling 1,438 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Kinder Morgan were worth $1,832,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KMI. Crossmark Global Holdings Inc. boosted its stake in shares of Kinder Morgan by 0.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 135,376 shares of the pipeline company’s stock valued at $2,866,000 after purchasing an additional 694 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $1,311,000. Makena Capital Management LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $2,818,000. Beach Investment Counsel Inc. PA boosted its stake in shares of Kinder Morgan by 7.1% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 250,399 shares of the pipeline company’s stock valued at $5,301,000 after purchasing an additional 16,623 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Kinder Morgan by 96.3% during the fourth quarter. Teacher Retirement System of Texas now owns 853,552 shares of the pipeline company’s stock valued at $18,070,000 after purchasing an additional 418,746 shares in the last quarter. 61.98% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. Mizuho reiterated a “buy” rating and set a $23.00 price objective on shares of Kinder Morgan in a research note on Thursday, January 30th. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, December 24th. Morgan Stanley assumed coverage on shares of Kinder Morgan in a research note on Monday, January 6th. They set an “underweight” rating and a $19.00 price objective on the stock. ValuEngine upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Piper Jaffray Companies assumed coverage on shares of Kinder Morgan in a research note on Wednesday, December 18th. They set a “neutral” rating and a $23.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Kinder Morgan currently has an average rating of “Hold” and an average price target of $21.92.

In related news, Chairman Richard D. Kinder purchased 59,624 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $20.14 per share, with a total value of $1,200,827.36. Following the completion of the acquisition, the chairman now owns 243,139,120 shares in the company, valued at approximately $4,896,821,876.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Fayez Sarofim purchased 200,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $20.10 per share, with a total value of $4,020,000.00. Following the acquisition, the director now owns 29,373,127 shares of the company’s stock, valued at approximately $590,399,852.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 559,624 shares of company stock valued at $11,142,827. 13.95% of the stock is owned by insiders.

Shares of KMI opened at $22.00 on Friday. The company has a market cap of $49.83 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 4.54 and a beta of 0.81. Kinder Morgan Inc has a twelve month low of $18.73 and a twelve month high of $22.09. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $21.28 and a two-hundred day moving average of $20.53.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.62 billion. Kinder Morgan had a net margin of 16.58% and a return on equity of 6.27%. Kinder Morgan’s revenue was down 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. On average, sell-side analysts expect that Kinder Morgan Inc will post 0.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.25 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.00 annualized dividend and a yield of 4.55%. Kinder Morgan’s dividend payout ratio (DPR) is 105.26%.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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

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