Bfsg LLC Has $709,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Bfsg LLC reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 4.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,865 shares of the pipeline company’s stock after selling 1,240 shares during the quarter. Bfsg LLC’s holdings in Kinder Morgan were worth $709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC increased its position in shares of Kinder Morgan by 25.1% during the fourth quarter. Kestra Investment Management LLC now owns 11,820 shares of the pipeline company’s stock worth $324,000 after buying an additional 2,373 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of Kinder Morgan by 10.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 184,779 shares of the pipeline company’s stock worth $5,063,000 after buying an additional 18,078 shares during the period. Venturi Wealth Management LLC increased its position in shares of Kinder Morgan by 5.8% during the fourth quarter. Venturi Wealth Management LLC now owns 12,392 shares of the pipeline company’s stock worth $340,000 after buying an additional 683 shares during the period. D.A. Davidson & CO. increased its position in shares of Kinder Morgan by 2.2% during the fourth quarter. D.A. Davidson & CO. now owns 618,274 shares of the pipeline company’s stock worth $16,941,000 after buying an additional 13,118 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of Kinder Morgan by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 349,695 shares of the pipeline company’s stock worth $9,582,000 after buying an additional 8,641 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Barclays raised their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Morgan Stanley raised their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Citigroup raised their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Up 0.8 %

KMI opened at $26.77 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The company’s 50-day moving average is $27.79 and its 200 day moving average is $25.23. Kinder Morgan, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $31.48. The firm has a market capitalization of $59.48 billion, a P/E ratio of 22.88, a PEG ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. Research analysts expect that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 54,000 shares of company stock valued at $1,493,100 over the last ninety days. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan 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.