Nations Financial Group Inc. IA ADV Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Nations Financial Group Inc. IA ADV lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 102,255 shares of the pipeline company’s stock after selling 1,475 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Kinder Morgan were worth $2,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Quadrant Private Wealth Management LLC purchased a new stake in Kinder Morgan in the 4th quarter worth $226,000. Roman Butler Fullerton & Co. increased its stake in Kinder Morgan by 3.0% in the 4th quarter. Roman Butler Fullerton & Co. now owns 33,673 shares of the pipeline company’s stock worth $925,000 after buying an additional 972 shares in the last quarter. Vontobel Holding Ltd. increased its stake in Kinder Morgan by 36.1% in the 4th quarter. Vontobel Holding Ltd. now owns 36,506 shares of the pipeline company’s stock worth $1,000,000 after buying an additional 9,675 shares in the last quarter. Investment Partners Asset Management Inc. increased its stake in Kinder Morgan by 3.4% in the 4th quarter. Investment Partners Asset Management Inc. now owns 34,530 shares of the pipeline company’s stock worth $946,000 after buying an additional 1,124 shares in the last quarter. Finally, G&S Capital LLC purchased a new stake in Kinder Morgan in the 4th quarter worth $243,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMI. Royal Bank of Canada increased their price objective 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. Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.14.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 of the company’s stock, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $26.61 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1-year low of $16.51 and a 1-year high of $31.48. The firm has a market capitalization of $59.11 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company’s 50-day moving average is $27.80 and its 200 day moving average is $25.10.

Kinder Morgan (NYSE:KMI) last posted 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%. Research analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Kinder Morgan 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.