Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by FineMark National Bank & Trust

FineMark National Bank & Trust raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,662 shares of the pipeline company’s stock after acquiring an additional 511 shares during the quarter. FineMark National Bank & Trust’s holdings in Kinder Morgan were worth $1,498,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Great Valley Advisor Group Inc. boosted its holdings in Kinder Morgan by 2.6% during the third quarter. Great Valley Advisor Group Inc. now owns 34,670 shares of the pipeline company’s stock worth $766,000 after buying an additional 895 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Kinder Morgan by 8.4% during the 3rd quarter. Cerity Partners LLC now owns 778,474 shares of the pipeline company’s stock valued at $17,197,000 after acquiring an additional 60,516 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of Kinder Morgan by 1.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock worth $1,221,000 after acquiring an additional 521 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of Kinder Morgan by 30.6% in the 3rd quarter. Centaurus Financial Inc. now owns 11,947 shares of the pipeline company’s stock worth $264,000 after acquiring an additional 2,796 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in Kinder Morgan by 13.1% in the 3rd quarter. Summit Trail Advisors LLC now owns 28,578 shares of the pipeline company’s stock valued at $631,000 after purchasing an additional 3,317 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on 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 transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the sale, the president now directly owns 825,652 shares of the company’s stock, valued at $21,970,599.72. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,490,996 in the last three months. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.3 %

KMI opened at $28.80 on Wednesday. The stock has a market capitalization of $63.99 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The business has a 50-day moving average of $27.57 and a two-hundred day moving average of $26.26.

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 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%. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Analyst Upgrades and Downgrades

A number of analysts have commented on KMI shares. Morgan Stanley boosted their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Mizuho increased their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Royal Bank of Canada increased 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. Finally, UBS Group raised their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

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.