Gen Wealth Partners Inc Has $82,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Gen Wealth Partners Inc reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 26.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the pipeline company’s stock after selling 1,055 shares during the quarter. Gen Wealth Partners Inc’s holdings in Kinder Morgan were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of KMI. Greenline Partners LLC acquired a new stake in Kinder Morgan in the fourth quarter worth $54,000. First Manhattan CO. LLC. bought a new position in Kinder Morgan during the fourth quarter worth about $248,000. Deutsche Bank AG grew its stake in Kinder Morgan by 16.8% in the fourth quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company’s stock valued at $403,101,000 after acquiring an additional 2,116,576 shares during the period. Diligent Investors LLC increased its holdings in shares of Kinder Morgan by 1.5% in the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company’s stock worth $715,000 after acquiring an additional 381 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its position in shares of Kinder Morgan by 248.6% during the fourth quarter. Eagle Global Advisors LLC now owns 879,460 shares of the pipeline company’s stock worth $24,097,000 after purchasing an additional 627,160 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.32 on Friday. The company has a fifty day moving average price of $27.02 and a two-hundred day moving average price of $27.20. Kinder Morgan, Inc. has a one year low of $18.83 and a one year high of $31.48. The stock has a market cap of $60.71 billion, a P/E ratio of 23.35, a P/E/G ratio of 3.08 and a beta of 0.74. 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 (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan’s payout ratio is currently 100.86%.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares in the company, valued at $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,503,776 over the last ninety days. 12.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KMI shares. Scotiabank boosted their price objective on Kinder Morgan from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, April 21st. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. UBS Group increased 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. Finally, JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.79.

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.