AlphaStar Capital Management LLC Sells 33,436 Shares of Kinder Morgan, Inc. (NYSE:KMI)

AlphaStar Capital Management LLC lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 61.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,912 shares of the pipeline company’s stock after selling 33,436 shares during the period. AlphaStar Capital Management LLC’s holdings in Kinder Morgan were worth $573,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan during the third quarter worth about $28,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, Planning Capital Management Corp lifted its position 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 period. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Citigroup raised their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Performance

KMI stock opened at $27.07 on Friday. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market cap of $60.13 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The business’s fifty day moving average is $27.89 and its 200-day moving average is $24.91.

Kinder Morgan (NYSE:KMI) last released its earnings results 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 17.31% and a return on equity of 8.09%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Announces Dividend

The company 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 dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 54,000 shares of company stock worth $1,493,100. Company insiders own 12.64% of the company’s stock.

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.