53,353 Shares in Kinder Morgan, Inc. (NYSE:KMI) Bought by Centric Wealth Management

Centric Wealth Management acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 53,353 shares of the pipeline company’s stock, valued at approximately $1,462,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter worth about $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in Kinder Morgan during the fourth quarter worth $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter worth $29,000. Finally, SRS Capital Advisors Inc. increased its stake in Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction 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 sale, the president now directly owns 825,652 shares of the company’s stock, 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 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 shares were 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. This represents a 25.48 % 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. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 0.7 %

Kinder Morgan stock opened at $28.56 on Tuesday. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The stock has a market capitalization of $63.46 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The firm has a 50 day simple moving average of $27.44 and a 200-day simple moving average of $26.47. 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 issued its quarterly 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 net margin of 17.31% and a return on equity of 8.09%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.03%. Kinder Morgan’s payout ratio is currently 98.29%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KMI shares. UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Mizuho boosted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup increased their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Seven investment 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 an average target price of $29.64.

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.