Kestra Investment Management LLC Grows Stake in Kinder Morgan, Inc. (NYSE:KMI)

Kestra Investment Management LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 25.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,820 shares of the pipeline company’s stock after purchasing an additional 2,373 shares during the period. Kestra Investment Management LLC’s holdings in Kinder Morgan were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth about $27,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan during the 4th quarter valued at about $29,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth about $28,000. Finally, Planning Capital Management Corp lifted its stake in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company’s 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 of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock valued at $3,504,136. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 0.3 %

Shares of NYSE:KMI opened at $26.84 on Thursday. The company has a market capitalization of $59.63 billion, a PE ratio of 22.94, a P/E/G ratio of 3.13 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.00 and a 12-month high of $31.48. The business’s fifty day simple moving average is $27.79 and its 200-day simple moving average is $25.25.

Kinder Morgan (NYSE:KMI) last posted its 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%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.29%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KMI. Scotiabank began coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Wells Fargo & Company lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup raised their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. UBS Group boosted their price objective 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. Finally, Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Nine equities 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, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

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.