Axxcess Wealth Management LLC Sells 13,745 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Axxcess Wealth Management LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,368 shares of the pipeline company's stock after selling 13,745 shares during the quarter. Axxcess Wealth Management LLC's holdings in Kinder Morgan were worth $1,846,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. CX Institutional grew its holdings in shares of Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after purchasing an additional 354 shares during the last quarter. Sunflower Bank N.A. grew its stake in Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock worth $288,000 after buying an additional 367 shares during the last quarter. Ignite Planners LLC increased its position in Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after buying an additional 372 shares during the period. Eagle Bay Advisors LLC lifted its stake in Kinder Morgan by 8.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock valued at $142,000 after buying an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC boosted its holdings in shares of Kinder Morgan by 2.6% during the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after acquiring an additional 400 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Remove Ads

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock valued at $3,490,996. Corporate insiders own 12.64% of the company's stock.

Kinder Morgan Trading Up 3.0 %

NYSE KMI traded up $0.83 on Monday, hitting $28.76. 12,507,107 shares of the company were exchanged, compared to its average volume of 13,179,240. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48. The firm has a market capitalization of $63.91 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company's 50 day moving average price is $27.57 and its 200-day moving average price is $26.16.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. Analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm 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 annualized dividend and a yield of 4.00%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's payout ratio is 98.29%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Morgan Stanley lifted their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target for the company. Finally, UBS Group raised their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Kinder Morgan Company 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.