Cherry Tree Wealth Management LLC Reduces Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Cherry Tree Wealth Management LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,137 shares of the pipeline company’s stock after selling 1,000 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in Kinder Morgan were worth $470,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Forvis Mazars Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth about $408,000. Howard Capital Management Inc. grew its holdings in shares of Kinder Morgan by 5.5% during the fourth quarter. Howard Capital Management Inc. now owns 13,752 shares of the pipeline company’s stock worth $377,000 after purchasing an additional 715 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth about $225,000. TCW Group Inc. boosted its stake in shares of Kinder Morgan by 0.3% during the fourth quarter. TCW Group Inc. now owns 251,506 shares of the pipeline company’s stock worth $6,891,000 after buying an additional 704 shares during the period. Finally, Fisher Funds Management LTD acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $62,534,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KMI. Citigroup increased their target price 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. Scotiabank began coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. UBS Group boosted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays boosted their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group lifted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $29.14.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 129,461 shares of company stock valued at $3,504,136. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.7 %

Shares of KMI opened at $26.41 on Monday. The company has a market capitalization of $58.67 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a fifty day moving average of $27.77 and a two-hundred day moving average of $25.36. Kinder Morgan, Inc. has a fifty-two week low of $17.02 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.36%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Kinder Morgan 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.