Advisors Preferred LLC Makes New $2.67 Million Investment in Kinder Morgan, Inc. (NYSE:KMI)

Advisors Preferred LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 95,053 shares of the pipeline company’s stock, valued at approximately $2,672,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co acquired a new stake in Kinder Morgan in the third quarter valued at approximately $467,000. Daymark Wealth Partners LLC lifted its position in shares of Kinder Morgan by 19.9% during the 3rd quarter. Daymark Wealth Partners LLC now owns 12,213 shares of the pipeline company’s stock worth $270,000 after purchasing an additional 2,029 shares during the last quarter. CWM LLC increased its holdings in Kinder Morgan by 1.2% in the third quarter. CWM LLC now owns 403,995 shares of the pipeline company’s stock valued at $8,924,000 after buying an additional 4,857 shares during the last quarter. Wedmont Private Capital boosted its holdings in Kinder Morgan by 4.5% in the third quarter. Wedmont Private Capital now owns 31,678 shares of the pipeline company’s stock valued at $747,000 after purchasing an additional 1,373 shares in the last quarter. Finally, San Luis Wealth Advisors LLC raised its holdings in Kinder Morgan by 111.2% during the third quarter. San Luis Wealth Advisors LLC now owns 32,672 shares of the pipeline company’s stock worth $722,000 after purchasing an additional 17,203 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Barclays increased their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Morgan Stanley boosted their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. UBS Group increased their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company upped their price objective 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. Finally, The Goldman Sachs Group lifted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 54,000 shares of company stock valued at $1,493,100. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.07 on Friday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The business has a fifty day simple moving average of $27.92 and a 200-day simple moving average of $24.88. 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 company has a market cap of $60.13 billion, a P/E ratio of 23.13, a P/E/G ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend 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.