Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 114,281 shares of the pipeline company’s stock after buying an additional 1,537 shares during the period. Concurrent Investment Advisors LLC’s holdings in Kinder Morgan were worth $3,131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter worth about $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter worth about $29,000. Planning Capital Management Corp boosted its holdings in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the last quarter. Finally, HM Payson & Co. boosted its holdings in Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,145 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock worth $3,504,136. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $26.61 on Friday. The company has a fifty day simple moving average of $27.78 and a two-hundred day simple moving average of $25.26. The company has a market cap of $59.13 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.02 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate 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, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid 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 dividend yield of 4.32%. Kinder Morgan’s payout ratio is currently 98.29%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KMI shares. 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 report on Tuesday, November 26th. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Citigroup lifted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley raised their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Nine investment 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.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $29.14.

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.