Moran Wealth Management LLC Has $4.14 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Moran Wealth Management LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,115 shares of the pipeline company’s stock after buying an additional 1,179 shares during the period. Moran Wealth Management LLC’s holdings in Kinder Morgan were worth $4,141,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Kinder Morgan during the 3rd quarter worth approximately $43,000. Leavell Investment Management Inc. acquired a new stake in Kinder Morgan during the 3rd quarter worth approximately $310,000. Assetmark Inc. lifted its holdings in Kinder Morgan by 50.6% during the 3rd quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock worth $95,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Kinder Morgan by 8.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 990,445 shares of the pipeline company’s stock worth $21,879,000 after purchasing an additional 75,194 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group lifted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Wells Fargo & Company lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.64.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated 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 transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 in the last 90 days. Insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.2 %

Shares of KMI stock opened at $26.08 on Tuesday. The firm has a market capitalization of $57.94 billion, a P/E ratio of 22.29, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $17.45 and a twelve month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock’s fifty day simple moving average is $27.69 and its 200 day simple moving average is $25.79.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed 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 4.41%. Kinder Morgan’s dividend payout ratio is currently 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.