Harbour Investments Inc. Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Harbour Investments Inc. lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,845 shares of the pipeline company’s stock after purchasing an additional 794 shares during the period. Harbour Investments Inc.’s holdings in Kinder Morgan were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. one8zero8 LLC purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $2,230,000. Natixis Advisors LLC increased its position in shares of Kinder Morgan by 16.8% during the fourth quarter. Natixis Advisors LLC now owns 738,280 shares of the pipeline company’s stock worth $20,229,000 after purchasing an additional 106,379 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in Kinder Morgan by 2.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 48,565 shares of the pipeline company’s stock valued at $1,331,000 after purchasing an additional 953 shares during the last quarter. Left Brain Wealth Management LLC purchased a new position in Kinder Morgan in the 4th quarter valued at $259,000. Finally, Wellington Shields Capital Management LLC boosted its stake in Kinder Morgan by 3.7% during the 4th quarter. Wellington Shields Capital Management LLC now owns 13,946 shares of the pipeline company’s stock worth $382,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the 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 completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KMI shares. Morgan Stanley raised their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Wells Fargo & Company upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.86 on Thursday. 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 stock has a market cap of $61.90 billion, a PE ratio of 23.81, a P/E/G ratio of 3.08 and a beta of 0.94. The stock has a fifty day simple moving average of $27.58 and a 200-day simple moving average of $26.04. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 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.