Lindbrook Capital LLC Buys 45,433 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Lindbrook Capital LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 742.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,554 shares of the pipeline company’s stock after purchasing an additional 45,433 shares during the quarter. Lindbrook Capital LLC’s holdings in Kinder Morgan were worth $1,413,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Kinder Morgan during the fourth quarter worth approximately $157,804,000. Vision Financial Markets LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $128,000. Cullen Frost Bankers Inc. boosted its position in Kinder Morgan by 8.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 36,786 shares of the pipeline company’s stock worth $1,008,000 after purchasing an additional 2,873 shares during the period. Verdence Capital Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $341,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth approximately $4,176,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $26.76 on Thursday. The business has a fifty day simple moving average of $27.75 and a 200 day simple moving average of $25.65. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $59.45 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.45 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced 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%. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on KMI shares. Wells Fargo & Company upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Royal Bank of Canada upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,461 shares of company stock worth $3,012,016 over the last three months. Company 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.