Columbus Macro LLC Purchases Shares of 319,941 Kinder Morgan, Inc. (NYSE:KMI)

Columbus Macro 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 (SEC). The firm acquired 319,941 shares of the pipeline company's stock, valued at approximately $8,766,000. Kinder Morgan makes up 1.2% of Columbus Macro LLC's investment portfolio, making the stock its 14th largest holding.

A number of other hedge funds also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $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 during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays raised their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. UBS Group raised their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target on the stock. Morgan Stanley boosted their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Mizuho increased 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 investment 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.14.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.81% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.5 %

Shares of Kinder Morgan stock traded up $0.14 during trading on Wednesday, hitting $27.64. 12,066,618 shares of the stock traded hands, compared to its average volume of 16,351,680. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48. The stock's fifty day simple moving average is $27.95 and its 200 day simple moving average is $24.85. The firm has a market cap of $61.41 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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%. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 4.16%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan's dividend payout ratio is currently 98.29%.

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.