Endowment Wealth Management Inc. Makes New $210,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Endowment Wealth Management Inc. bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,667 shares of the pipeline company’s stock, valued at approximately $210,000.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Kinder Morgan during the fourth quarter worth $157,804,000. Amundi lifted its holdings in shares of Kinder Morgan by 28.9% during the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock worth $334,381,000 after purchasing an additional 2,650,040 shares during the period. Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. Fisher Funds Management LTD acquired a new position in Kinder Morgan during the 4th quarter worth approximately $62,534,000. Finally, National Bank of Canada FI grew its holdings in Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after buying an additional 2,194,489 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on 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 in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

KMI stock opened at $26.08 on Tuesday. Kinder Morgan, Inc. has a twelve month low of $17.45 and a twelve month high of $31.48. The company has a market cap of $57.94 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. 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 business’s fifty day moving average is $27.69 and its 200-day moving average is $25.79.

Kinder Morgan (NYSE:KMI) last issued its 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 net margin of 17.31% and a return on equity of 8.09%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.41%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMI. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Royal Bank of Canada upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Seven 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 stock has an average rating of “Moderate Buy” and an average target price of $29.64.

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.