Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Gilbert & Cook Inc.

Gilbert & Cook Inc. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,988 shares of the pipeline company’s stock after purchasing an additional 533 shares during the period. Gilbert & Cook Inc.’s holdings in Kinder Morgan were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at about $28,000. Planning Capital Management Corp boosted its holdings in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares during the period. Finally, HM Payson & Co. boosted its holdings in Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 2.0 %

KMI traded up $0.55 during trading on Thursday, reaching $27.85. The company had a trading volume of 903,406 shares, compared to its average volume of 15,873,884. 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 12-month low of $16.47 and a 12-month high of $31.48. The company has a market cap of $61.87 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 4.13 and a beta of 0.94. The firm’s 50-day simple moving average is $28.00 and its 200 day simple moving average is $24.62.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.13%. Kinder Morgan’s dividend payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the president now owns 861,652 shares in the company, valued at approximately $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 ninety days, insiders have sold 55,121 shares of company stock valued at $1,497,000. Company insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KMI shares. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Barclays raised their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Royal Bank of Canada upped their price target 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. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Finally, Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan has an average 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.