HighPoint Advisor Group LLC Raises Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

HighPoint Advisor Group LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,777 shares of the pipeline company’s stock after purchasing an additional 3,532 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Kinder Morgan were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of KMI. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $27,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $29,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMI. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada boosted their price objective 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 increased their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. UBS Group boosted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’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 value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,461 shares of company stock valued at $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.7 %

Shares of NYSE:KMI opened at $28.56 on Tuesday. The stock’s 50-day moving average is $27.44 and its 200 day moving average is $26.47. The company has a market cap of $63.46 billion, a PE ratio of 24.41, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.03%. Kinder Morgan’s dividend payout ratio is 98.29%.

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.