Capital Investment Advisors LLC Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Capital Investment Advisors LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 15.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 483,913 shares of the pipeline company’s stock after buying an additional 65,793 shares during the period. Capital Investment Advisors LLC’s holdings in Kinder Morgan were worth $13,259,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Modus Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the 3rd quarter worth $28,000. HWG Holdings LP purchased a new position in Kinder Morgan during the second quarter valued at $30,000. Planning Capital Management Corp increased its position in Kinder Morgan by 143.6% in the third 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 in the last quarter. Finally, HM Payson & Co. grew its stake in shares of Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,145 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 745,263 shares of company stock valued at $18,578,014. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Up 1.6 %

KMI stock traded up $0.45 during trading on Monday, reaching $28.61. 2,860,893 shares of the company traded hands, compared to its average volume of 10,468,286. The business has a 50 day simple moving average of $27.31 and a 200 day simple moving average of $23.79. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.82. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The company has a market capitalization of $63.56 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Analyst Ratings Changes

A number of research firms have commented on KMI. Wells Fargo & Company raised their price target on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Bank of America assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research report on Friday, October 18th. Finally, Barclays boosted their target price on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.67.

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.