Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 303,401 shares of the pipeline company’s stock after buying an additional 9,475 shares during the quarter. NewEdge Advisors LLC’s holdings in Kinder Morgan were worth $8,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in KMI. Hurley Capital LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $25,000. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth approximately $29,000. 62.52% of the stock is owned by institutional investors.

Insider Transactions at Kinder Morgan

In other 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 value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, March 5th. The shares were 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 owns 825,652 shares in the company, valued at $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,506,116 over the last three months. Company insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on KMI. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Citigroup upped their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Mizuho raised their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Seven investment 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Stock Up 0.5 %

NYSE:KMI opened at $27.09 on Friday. Kinder Morgan, Inc. has a 12-month low of $18.13 and a 12-month high of $31.48. The stock’s fifty day simple moving average is $26.94 and its 200-day simple moving average is $26.91. 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 firm has a market capitalization of $60.19 billion, a P/E ratio of 23.15, a P/E/G ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.2925 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.32%. Kinder Morgan’s dividend payout ratio (DPR) is currently 99.14%.

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.