Harbour Trust & Investment Management Co Purchases New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Harbour Trust & Investment Management Co bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,125 shares of the pipeline company’s stock, valued at approximately $223,000.

A number of other institutional investors also recently made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the 4th quarter valued at $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan in the third quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the fourth quarter valued at approximately $29,000. Finally, Planning Capital Management Corp lifted its holdings in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 1.1 %

KMI stock opened at $27.07 on Monday. The firm has a market cap of $60.13 billion, a PE ratio of 23.13, a P/E/G ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The firm has a 50 day simple moving average of $27.89 and a 200 day simple moving average of $24.94.

Kinder Morgan (NYSE:KMI) last released 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 return on equity of 8.09% and a net margin of 17.31%. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.25%. Kinder Morgan’s payout ratio is presently 98.29%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research reports. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. The Goldman Sachs Group increased their target price 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. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.