Stonegate Investment Group LLC Increases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Stonegate Investment Group LLC lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,846 shares of the pipeline company’s stock after buying an additional 980 shares during the period. Stonegate Investment Group LLC’s holdings in Kinder Morgan were worth $708,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Perigon Wealth Management LLC raised its position in Kinder Morgan by 18.2% in the fourth quarter. Perigon Wealth Management LLC now owns 14,170 shares of the pipeline company’s stock worth $426,000 after acquiring an additional 2,183 shares in the last quarter. W Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $223,000. Nilsine Partners LLC lifted its stake in shares of Kinder Morgan by 13.0% in the fourth quarter. Nilsine Partners LLC now owns 16,856 shares of the pipeline company’s stock valued at $462,000 after purchasing an additional 1,938 shares during the period. Baldwin Wealth Partners LLC MA boosted its holdings in Kinder Morgan by 16.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 10,111 shares of the pipeline company’s stock worth $277,000 after buying an additional 1,393 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its position in Kinder Morgan by 5.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 44,876 shares of the pipeline company’s stock worth $1,230,000 after buying an additional 2,401 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Kinder Morgan Stock Performance

NYSE KMI opened at $27.48 on Wednesday. The business’s 50-day moving average price is $28.02 and its 200 day moving average price is $24.55. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a market capitalization of $61.04 billion, a PE ratio of 23.48, a price-to-earnings-growth 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 (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. On average, research analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.19%. Kinder Morgan’s payout ratio is 98.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. 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. Barclays boosted their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Royal Bank of Canada lifted their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. 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 objective on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.23.

Kinder Morgan Company 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.