Bleakley Financial Group LLC Has $780,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Bleakley Financial Group LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,470 shares of the pipeline company’s stock after purchasing an additional 633 shares during the quarter. Bleakley Financial Group LLC’s holdings in Kinder Morgan were worth $780,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after purchasing an additional 29,861 shares in the last quarter. Global Retirement Partners LLC increased its stake in Kinder Morgan by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 776 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares during the period. Golden State Equity Partners increased its position in shares of Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after acquiring an additional 15,800 shares in the last quarter. Finally, Barclays PLC lifted its position in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $27.07 on Monday. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48. The firm has a market capitalization of $60.13 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 3.16 and a beta of 0.94. The stock’s 50 day moving average price is $27.89 and its two-hundred day moving average price is $24.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results 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 net margin of 17.31% and a return on equity of 8.09%. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.25%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America began coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup boosted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, UBS Group raised their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred 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 transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 54,000 shares of company stock worth $1,493,100 over the last three months. Insiders own 12.64% of the company’s stock.

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.