Jeppson Wealth Management LLC Decreases Position in Kinder Morgan, Inc. (NYSE:KMI)

Jeppson Wealth Management LLC lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,852 shares of the pipeline company’s stock after selling 481 shares during the quarter. Kinder Morgan accounts for approximately 0.9% of Jeppson Wealth Management LLC’s holdings, making the stock its 21st biggest holding. Jeppson Wealth Management LLC’s holdings in Kinder Morgan were worth $2,599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KMI. W Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $223,000. Nilsine Partners LLC raised its holdings in Kinder Morgan by 13.0% in the 4th quarter. Nilsine Partners LLC now owns 16,856 shares of the pipeline company’s stock valued at $462,000 after acquiring an additional 1,938 shares during the last quarter. Baldwin Wealth Partners LLC MA lifted its holdings in shares of Kinder Morgan by 16.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 10,111 shares of the pipeline company’s stock worth $277,000 after acquiring an additional 1,393 shares during the period. Foundations Investment Advisors LLC boosted its holdings in Kinder Morgan by 5.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 44,876 shares of the pipeline company’s stock valued at $1,230,000 after acquiring an additional 2,401 shares during the last quarter. Finally, United Asset Strategies Inc. grew its stake in Kinder Morgan by 0.8% during the fourth quarter. United Asset Strategies Inc. now owns 549,186 shares of the pipeline company’s stock worth $15,048,000 after buying an additional 4,343 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 9.5 %

Kinder Morgan stock opened at $27.39 on Tuesday. The company has a 50 day moving average price of $28.03 and a 200 day moving average price of $24.50. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The firm has a market capitalization of $60.86 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 8.10% and a net margin of 17.31%. Research analysts forecast that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.20%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Analysts Set New Price Targets

Several brokerages recently commented on KMI. Barclays raised their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group increased their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley lifted their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Eight 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.23.

Insiders Place Their Bets

In related news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock worth $1,497,000 in the last quarter. 12.64% of the stock is currently owned by corporate insiders.

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.