Ignite Planners LLC Has $282,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Ignite Planners LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.9% during the fourth quarter, Holdings Channel reports. The fund owned 9,992 shares of the pipeline company’s stock after acquiring an additional 372 shares during the quarter. Ignite Planners LLC’s holdings in Kinder Morgan were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Capital CS Group LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $644,000. Rosenberg Matthew Hamilton grew its holdings in Kinder Morgan by 9.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 11,225 shares of the pipeline company’s stock valued at $308,000 after buying an additional 944 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $315,000. Northstar Advisory Group LLC grew its holdings in Kinder Morgan by 2.6% in the 4th quarter. Northstar Advisory Group LLC now owns 31,359 shares of the pipeline company’s stock valued at $859,000 after buying an additional 805 shares in the last quarter. Finally, Sunflower Bank N.A. grew its holdings in Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after buying an additional 367 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KMI shares. Barclays upped their price objective on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their target price on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Finally, Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $26.67.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $29.12 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $64.69 billion, a PE ratio of 25.54, a P/E/G ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $29.29. The stock has a 50-day moving average price of $27.47 and a two-hundred day moving average price of $23.91.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. Analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 745,263 shares of company stock worth $18,578,014. 12.64% of the stock is currently owned by insiders.

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.