Beacon Financial Group Trims Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Beacon Financial Group reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 265,508 shares of the pipeline company’s stock after selling 3,333 shares during the period. Kinder Morgan makes up 0.8% of Beacon Financial Group’s investment portfolio, making the stock its 29th largest holding. Beacon Financial Group’s holdings in Kinder Morgan were worth $7,275,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after buying an additional 29,861 shares during the last quarter. Global Retirement Partners LLC lifted its position in Kinder Morgan by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after acquiring an additional 776 shares during the period. Principal Financial Group Inc. grew its stake in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Golden State Equity Partners raised its stake in shares of Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 15,800 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after purchasing an additional 2,334,273 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 54,000 shares of company stock valued at $1,493,100 over the last quarter. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on KMI. Scotiabank initiated 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. Citigroup increased their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Mizuho lifted 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. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group lifted 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. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.78 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The stock has a market cap of $59.48 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 3.16 and a beta of 0.94. The company’s 50-day moving average price is $27.89 and its 200 day moving average price is $25.01. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.30%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

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.