Csenge Advisory Group Trims Stake in Kinder Morgan, Inc. (NYSE:KMI)

Csenge Advisory Group trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,706 shares of the pipeline company’s stock after selling 5,684 shares during the quarter. Csenge Advisory Group’s holdings in Kinder Morgan were worth $1,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan in the 3rd quarter worth about $28,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $29,000. Finally, Planning Capital Management Corp boosted its holdings in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 54,000 shares of company stock valued at $1,493,100 in the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.2 %

Shares of NYSE:KMI opened at $26.61 on Tuesday. Kinder Morgan, Inc. has a 52-week low of $16.51 and a 52-week high of $31.48. The firm has a market capitalization of $59.11 billion, a P/E ratio of 22.74, a P/E/G ratio of 3.16 and a beta of 0.94. The stock has a 50 day moving average price of $27.80 and a 200-day moving average price of $25.15. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Ratings Changes

KMI has been the subject of several analyst reports. Citigroup increased their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Mizuho increased their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Barclays increased their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.14.

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.