Kinder Morgan, Inc. (NYSE:KMI) Holdings Trimmed by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,470 shares of the pipeline company’s stock after selling 1,500 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Kinder Morgan were worth $1,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter valued at $28,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan during the 2nd quarter worth $30,000. Finally, Planning Capital Management Corp grew its holdings in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock valued at $1,497,000 over the last three months. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $30.50 on Friday. The firm has a market cap of $67.77 billion, a P/E ratio of 26.76, a PEG ratio of 4.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48. The stock’s 50-day moving average is $27.90 and its two-hundred day moving average is $24.32.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 net margin of 16.76% and a return on equity of 7.87%. Analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KMI. UBS Group increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Barclays lifted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Mizuho lifted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.92.

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.