Hamel Associates Inc. Makes New $244,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Hamel Associates Inc. acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,900 shares of the pipeline company’s stock, valued at approximately $244,000.

Other hedge funds have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan in the fourth quarter worth about $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $27,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $29,000. Finally, Planning Capital Management Corp increased its stake in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,504,136. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Trading Up 3.4 %

Shares of KMI opened at $27.09 on Friday. The firm has a market cap of $60.19 billion, a price-to-earnings ratio of 23.15, a PEG 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 $17.18 and a fifty-two week high of $31.48. The firm has a 50 day moving average price of $27.77 and a 200-day moving average price of $25.49.

Kinder Morgan (NYSE:KMI) last announced 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, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan’s payout ratio is 98.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Mizuho boosted their price objective 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. Citigroup boosted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Nine investment 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 company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $29.14.

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.