Forvis Mazars Wealth Advisors LLC Makes New $408,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Forvis Mazars Wealth Advisors LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,902 shares of the pipeline company’s stock, valued at approximately $408,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CX Institutional raised its position in Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after acquiring an additional 354 shares in the last quarter. Sunflower Bank N.A. raised its position in Kinder Morgan by 3.6% during the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 367 shares in the last quarter. Ignite Planners LLC raised its position in Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after acquiring an additional 372 shares in the last quarter. Eagle Bay Advisors LLC raised its position in Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 385 shares in the last quarter. Finally, Bristlecone Advisors LLC raised its position in Kinder Morgan by 2.6% during the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock valued at $433,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,461 shares of company stock valued at $3,504,136. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $26.47 on Tuesday. The stock’s fifty day moving average is $27.77 and its two-hundred day moving average is $25.40. The firm has a market capitalization of $58.80 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a fifty-two week low of $17.02 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last released 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%. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group raised their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Barclays raised their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley raised their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.