Harvest Fund Management Co. Ltd Purchases 46,694 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Harvest Fund Management Co. Ltd increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 412.8% during the 4th quarter, Holdings Channel reports. The firm owned 58,005 shares of the pipeline company’s stock after acquiring an additional 46,694 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Kinder Morgan were worth $1,590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan in the fourth quarter worth approximately $25,000. Modus Advisors LLC bought a new position in Kinder Morgan in the fourth quarter worth approximately $27,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan in the fourth quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. boosted its position in Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 703 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on KMI shares. Mizuho increased their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Royal Bank of Canada increased their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $29.64.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.86 on Thursday. The firm 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 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 fifty day moving average price of $27.58 and a 200-day moving average price of $26.04. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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 return on equity of 8.09% and a net margin of 17.31%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 dividend on an annualized basis and a yield of 4.13%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated 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 in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 in the last 90 days. Insiders own 12.64% of the company’s stock.

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.