Kinder Morgan, Inc. (NYSE:KMI) is Fractal Investments LLC’s 6th Largest Position

Fractal Investments LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 87.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,150,468 shares of the pipeline company’s stock after purchasing an additional 536,000 shares during the quarter. Kinder Morgan accounts for approximately 4.8% of Fractal Investments LLC’s portfolio, making the stock its 6th largest position. Fractal Investments LLC owned about 0.05% of Kinder Morgan worth $31,523,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated lifted its holdings in Kinder Morgan by 90.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 16,853 shares of the pipeline company’s stock worth $461,000 after buying an additional 8,008 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Kinder Morgan by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 28,470 shares of the pipeline company’s stock worth $780,000 after acquiring an additional 633 shares during the period. LCM Capital Management Inc acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $250,000. Tectonic Advisors LLC boosted its holdings in Kinder Morgan by 41.9% in the fourth quarter. Tectonic Advisors LLC now owns 23,343 shares of the pipeline company’s stock valued at $640,000 after purchasing an additional 6,897 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Kinder Morgan by 36.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,732 shares of the pipeline company’s stock worth $4,479,000 after purchasing an additional 43,626 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMI. Barclays upped their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Nine investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 12.81% of the stock is currently owned by corporate insiders.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.64 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm’s 50-day simple moving average is $27.94 and its 200 day simple moving average is $24.86. 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 $61.41 billion, a PE ratio of 23.63, a P/E/G ratio of 3.12 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued 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 8.09% and a net margin of 17.31%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

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.