SBI Securities Co. Ltd. Buys New Position in Kinder Morgan, Inc. (NYSE:KMI)

SBI Securities Co. Ltd. purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,113 shares of the pipeline company’s stock, valued at approximately $907,000.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in shares of Kinder Morgan by 52.7% in the 4th quarter. Jones Financial Companies Lllp now owns 167,092 shares of the pipeline company’s stock worth $4,578,000 after acquiring an additional 57,639 shares in the last quarter. Modera Wealth Management LLC boosted its holdings in Kinder Morgan by 1.9% during the fourth quarter. Modera Wealth Management LLC now owns 56,233 shares of the pipeline company’s stock worth $1,541,000 after purchasing an additional 1,038 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares in the last quarter. Norden Group LLC increased its stake in Kinder Morgan by 52.8% in the 4th quarter. Norden Group LLC now owns 25,267 shares of the pipeline company’s stock valued at $692,000 after buying an additional 8,728 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC lifted its position in shares of Kinder Morgan by 13.1% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 11,432 shares of the pipeline company’s stock worth $313,000 after buying an additional 1,324 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock valued at $3,504,136. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.1 %

Kinder Morgan stock opened at $27.13 on Tuesday. The firm has a 50 day simple moving average of $27.77 and a 200 day simple moving average of $25.60. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1-year low of $17.42 and a 1-year high of $31.48. The firm has a market capitalization of $60.28 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.24%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KMI. UBS Group increased their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada raised 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. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.21.

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.