Stablepoint Partners LLC Lowers Stake in Kinder Morgan, Inc. (NYSE:KMI)

Stablepoint Partners LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 205,870 shares of the pipeline company’s stock after selling 1,723 shares during the period. Kinder Morgan accounts for 1.0% of Stablepoint Partners LLC’s portfolio, making the stock its 26th largest position. Stablepoint Partners LLC’s holdings in Kinder Morgan were worth $5,641,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Requisite Capital Management LLC purchased a new position in Kinder Morgan during the fourth quarter valued at $1,208,000. TTP Investments Inc. raised its position in shares of Kinder Morgan by 1.5% in the 4th quarter. TTP Investments Inc. now owns 72,808 shares of the pipeline company’s stock worth $1,995,000 after purchasing an additional 1,089 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its stake in Kinder Morgan by 0.4% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 211,373 shares of the pipeline company’s stock worth $6,028,000 after purchasing an additional 894 shares in the last quarter. Grimes & Company Inc. increased its stake in Kinder Morgan by 3.3% during the 4th quarter. Grimes & Company Inc. now owns 13,858 shares of the pipeline company’s stock valued at $380,000 after purchasing an additional 448 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC raised its holdings in Kinder Morgan by 1.5% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 306,857 shares of the pipeline company’s stock worth $8,408,000 after buying an additional 4,516 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Mizuho boosted their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group boosted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.92.

Kinder Morgan Stock Down 0.8 %

KMI opened at $30.23 on Friday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The firm’s 50 day simple moving average is $28.03 and its two-hundred day simple moving average is $24.44. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $67.16 billion, a PE ratio of 25.84, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 3.80%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 in the last three months. 12.64% of the stock is owned by company insiders.

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.