Kinder Morgan, Inc. (NYSE:KMI) Holdings Reduced by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,983 shares of the pipeline company’s stock after selling 586 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Kinder Morgan were worth $2,712,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. CX Institutional raised its holdings in shares of Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 354 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Kinder Morgan by 3.6% during the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after buying an additional 367 shares during the last quarter. Ignite Planners LLC increased its stake 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 during the period. Eagle Bay Advisors LLC increased its stake in Kinder Morgan by 8.0% in 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 during the period. Finally, Bristlecone Advisors LLC boosted its holdings 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 purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.09 on Wednesday. The firm has a fifty day simple moving average of $27.76 and a 200 day simple moving average of $25.44. Kinder Morgan, Inc. has a twelve month low of $17.02 and a twelve month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $57.96 billion, a PE ratio of 22.29, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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 8.09% and a net margin of 17.31%. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

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 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Citigroup increased their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Scotiabank began coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the transaction, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s 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 completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,504,136 in the last three months. 12.64% of the stock is currently owned by insiders.

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.