Capital CS Group LLC Takes $644,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Capital CS Group LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,508 shares of the pipeline company’s stock, valued at approximately $644,000. Kinder Morgan accounts for 0.8% of Capital CS Group LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds also recently bought and sold shares of KMI. Sunflower Bank N.A. raised its holdings in Kinder Morgan by 3.6% during the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after purchasing an additional 367 shares in the last quarter. Eagle Bay Advisors LLC boosted its position in shares of Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after purchasing an additional 385 shares during the period. Sunbelt Securities Inc. grew its stake in Kinder Morgan by 0.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after buying an additional 414 shares during the last quarter. SignalPoint Asset Management LLC increased its position in Kinder Morgan by 1.5% during the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after buying an additional 447 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in Kinder Morgan by 0.3% in the third quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock valued at $3,193,000 after buying an additional 468 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.52 on Tuesday. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.82. The company has a market capitalization of $63.36 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The firm has a 50-day moving average price of $27.39 and a two-hundred day moving average price of $23.85. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released 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). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.03%. Kinder Morgan’s payout ratio is 100.88%.

Insiders Place Their Bets

In other news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 745,263 shares of company stock valued at $18,578,014 over the last quarter. Company insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KMI shares. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday. They issued a “sector perform” rating and a $26.00 target price on the stock. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. UBS Group boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company increased their price objective on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Barclays upped their price target on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

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.