8,206 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Wealthspire Advisors LLC

Wealthspire Advisors LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 8,206 shares of the pipeline company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan during the fourth quarter valued at $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter valued at $27,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter valued at $29,000. Finally, Planning Capital Management Corp increased its stake in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised 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. Morgan Stanley raised their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Nine investment 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’s stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction 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 filing with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,461 shares of company stock worth $3,504,136. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $26.23 on Friday. The firm has a market cap of $58.28 billion, a PE ratio of 22.42, a PEG ratio of 3.08 and a beta of 0.94. The firm’s 50 day moving average price is $27.76 and its 200 day moving average price is $25.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a twelve month low of $17.02 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly 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%. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.38%. Kinder Morgan’s 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.