Donald L. Hagan LLC Sells 2,384 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Donald L. Hagan LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 56,295 shares of the pipeline company’s stock after selling 2,384 shares during the period. Kinder Morgan accounts for approximately 0.8% of Donald L. Hagan LLC’s investment portfolio, making the stock its 26th biggest position. Donald L. Hagan LLC’s holdings in Kinder Morgan were worth $1,542,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan in the third quarter valued at $28,000. Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the period. Finally, HM Payson & Co. increased its holdings in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

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

Kinder Morgan Price Performance

KMI stock opened at $28.08 on Friday. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The stock has a market capitalization of $62.37 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 3.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The company’s 50-day moving average is $28.00 and its 200-day moving average is $24.62.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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 8.09%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal 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 given a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.10%. Kinder Morgan’s payout ratio is 98.29%.

Analyst Ratings Changes

KMI has been the subject of a number of recent research reports. UBS Group increased their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday. Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Nine 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, the company has an average rating of “Moderate Buy” and a consensus target price of $29.14.

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.