Financial Perspectives Inc Boosts Position in Kinder Morgan, Inc. (NYSE:KMI)

Financial Perspectives Inc boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2,883.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,192 shares of the pipeline company’s stock after acquiring an additional 3,085 shares during the quarter. Financial Perspectives Inc’s holdings in Kinder Morgan were worth $87,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the fourth quarter worth approximately $25,000. Modus Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth approximately $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter worth approximately $29,000. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the third quarter worth approximately $28,000. Finally, Planning Capital Management Corp increased its holdings in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.8 %

Shares of NYSE:KMI opened at $26.77 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52-week low of $17.00 and a 52-week high of $31.48. The stock’s fifty day simple moving average is $27.79 and its 200-day simple moving average is $25.23. The company has a market capitalization of $59.49 billion, a P/E ratio of 22.88, a P/E/G ratio of 3.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.30%. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value 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 trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 54,000 shares of company stock worth $1,493,100. 12.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent research reports. Barclays boosted their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Mizuho boosted their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. 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. Finally, Royal Bank of Canada lifted their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.