BXM Wealth LLC Buys Shares of 19,413 Kinder Morgan, Inc. (NYSE:KMI)

BXM Wealth LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,413 shares of the pipeline company's stock, valued at approximately $532,000.

A number of other hedge funds have also recently bought and sold shares of the business. Creative Planning grew its position in shares of Kinder Morgan by 5.2% in the 3rd quarter. Creative Planning now owns 412,376 shares of the pipeline company's stock worth $9,109,000 after acquiring an additional 20,468 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Kinder Morgan by 9.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 20,711 shares of the pipeline company's stock worth $457,000 after acquiring an additional 1,778 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter worth approximately $75,000. Good Life Advisors LLC grew its position in shares of Kinder Morgan by 5.6% in the 3rd quarter. Good Life Advisors LLC now owns 17,279 shares of the pipeline company's stock worth $382,000 after acquiring an additional 924 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock worth $504,000 after purchasing an additional 776 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 54,000 shares of company stock worth $1,493,100 in the last three months. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.22 during mid-day trading on Tuesday, hitting $26.77. 12,555,070 shares of the stock traded hands, compared to its average volume of 15,920,192. Kinder Morgan, Inc. has a twelve month low of $17.00 and a twelve month high of $31.48. The firm has a market cap of $59.48 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company's 50-day simple moving average is $27.79 and its 200-day simple moving average is $25.19. 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 - Get Free Report) last issued its quarterly 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 net margin of 17.31% and a return on equity of 8.09%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Monday, February 3rd. Kinder Morgan's payout ratio is 98.29%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KMI shares. Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Royal Bank of Canada raised their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 22nd. Barclays raised their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. UBS Group raised 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. Finally, Mizuho raised 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. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $29.14.

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.