Avior Wealth Management LLC Boosts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Avior Wealth Management LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,306 shares of the pipeline company’s stock after acquiring an additional 4,672 shares during the quarter. Avior Wealth Management LLC’s holdings in Kinder Morgan were worth $3,296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Adirondack Trust Co. increased its stake in shares of Kinder Morgan by 102.5% in the fourth quarter. Adirondack Trust Co. now owns 2,554 shares of the pipeline company’s stock worth $70,000 after purchasing an additional 1,293 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Kinder Morgan by 1.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,555,779 shares of the pipeline company’s stock worth $42,628,000 after buying an additional 24,155 shares during the period. Magnus Financial Group LLC increased its stake in Kinder Morgan by 13.8% in the 4th quarter. Magnus Financial Group LLC now owns 16,504 shares of the pipeline company’s stock worth $452,000 after buying an additional 1,995 shares in the last quarter. MBM Wealth Consultants LLC raised its holdings in Kinder Morgan by 4.9% during the fourth quarter. MBM Wealth Consultants LLC now owns 12,833 shares of the pipeline company’s stock valued at $361,000 after acquiring an additional 594 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Kinder Morgan by 24.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 268,971 shares of the pipeline company’s stock valued at $7,370,000 after acquiring an additional 53,234 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $28.92.

Kinder Morgan Stock Performance

NYSE:KMI opened at $30.50 on Friday. The firm has a market capitalization of $67.77 billion, a PE ratio of 26.76, a PEG ratio of 4.18 and a beta of 0.94. The stock’s fifty day moving average is $27.90 and its 200 day moving average is $24.32. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.77%. Kinder Morgan’s dividend payout ratio is 100.88%.

About Kinder Morgan

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.