Core Wealth Partners LLC Makes New Investment in Kinder Morgan, Inc. $KMI

Core Wealth Partners LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,414 shares of the pipeline company’s stock, valued at approximately $521,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA acquired a new position in Kinder Morgan in the 2nd quarter valued at $26,000. CoreFirst Bank & Trust acquired a new position in shares of Kinder Morgan during the second quarter worth about $35,000. Private Wealth Management Group LLC increased its stake in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after acquiring an additional 595 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Kinder Morgan during the second quarter worth about $40,000. Finally, Capital A Wealth Management LLC acquired a new stake in Kinder Morgan in the second quarter valued at about $41,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the sale, the vice president directly owned 201,204 shares of the company’s stock, valued at $5,531,097.96. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 38,498 shares of company stock worth $1,107,462. 12.73% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on KMI. Mizuho dropped their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. TD Cowen upped their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Finally, Scotiabank increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Kinder Morgan Price Performance

KMI stock opened at $30.50 on Friday. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $30.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. The stock’s 50 day moving average price is $27.57 and its 200 day moving average price is $27.29. The firm has a market cap of $67.85 billion, a P/E ratio of 22.26, a PEG ratio of 2.45 and a beta of 0.69.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the business posted $0.30 earnings per share. Kinder Morgan’s revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.8%. Kinder Morgan’s payout ratio is presently 85.40%.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.