Farther Finance Advisors LLC Sells 4,285 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Farther Finance Advisors LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,564 shares of the pipeline company’s stock after selling 4,285 shares during the quarter. Farther Finance Advisors LLC’s holdings in Kinder Morgan were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 valued at $50,624,000 after acquiring an additional 71,984 shares during the period. Golden State Equity Partners raised its holdings in Kinder Morgan by 2,507.9% during the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after acquiring an additional 15,800 shares during the period. Barclays PLC grew its position in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. UMB Bank n.a. grew its position in shares of Kinder Morgan by 116.1% during the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock valued at $5,772,000 after purchasing an additional 113,173 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its position in shares of Kinder Morgan by 2,388.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 397,332 shares of the pipeline company’s stock valued at $8,777,000 after purchasing an additional 381,365 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,490,996. Insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on KMI shares. Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $27.11 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $60.23 billion, a PE ratio of 23.17, a P/E/G ratio of 3.08 and a beta of 0.94. The firm has a fifty day simple moving average of $27.60 and a two-hundred day simple moving average of $25.90. Kinder Morgan, Inc. has a twelve month low of $17.52 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Kinder Morgan 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.