Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Lifted by Mariner LLC

Mariner LLC raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,410,727 shares of the pipeline company’s stock after purchasing an additional 84,457 shares during the period. Mariner LLC’s holdings in Kinder Morgan were worth $66,054,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter worth $29,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMI has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Finally, Royal Bank of Canada raised their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating 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 issued 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 $29.64.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,461 shares of company stock valued at $3,506,116. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $26.80 on Tuesday. The business’s 50 day moving average is $26.93 and its 200-day moving average is $26.84. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $59.55 billion, a PE ratio of 22.91, a PEG ratio of 3.08 and a beta of 0.72. 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 quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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 predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.29%. Kinder Morgan’s payout ratio is presently 98.29%.

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.