Commonwealth Equity Services LLC Has $24.19 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Commonwealth Equity Services LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 882,795 shares of the pipeline company's stock after acquiring an additional 18,201 shares during the quarter. Commonwealth Equity Services LLC's holdings in Kinder Morgan were worth $24,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMI. Balboa Wealth Partners bought a new stake in Kinder Morgan in the fourth quarter valued at about $548,000. Bowen Hanes & Co. Inc. bought a new stake in Kinder Morgan in the fourth quarter valued at about $3,520,000. Rakuten Securities Inc. increased its holdings in Kinder Morgan by 52.5% in the fourth quarter. Rakuten Securities Inc. now owns 1,516 shares of the pipeline company's stock valued at $42,000 after purchasing an additional 522 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in Kinder Morgan by 8.5% in the fourth quarter. Great Lakes Advisors LLC now owns 620,754 shares of the pipeline company's stock valued at $17,009,000 after purchasing an additional 48,792 shares during the last quarter. Finally, Truvestments Capital LLC increased its holdings in Kinder Morgan by 2.2% in the fourth quarter. Truvestments Capital LLC now owns 164,651 shares of the pipeline company's stock valued at $4,511,000 after purchasing an additional 3,517 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on KMI shares. Wells Fargo & Company upped their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price for the company. Mizuho boosted their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group boosted their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Remove Ads

Kinder Morgan Stock Up 0.8 %

NYSE KMI traded up $0.23 during trading hours on Thursday, hitting $28.08. 8,135,151 shares of the company traded hands, compared to its average volume of 13,151,247. The business's 50-day moving average is $27.58 and its 200-day moving average is $26.04. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a market capitalization of $62.38 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.10%. Kinder Morgan's dividend payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the 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 transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % 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 that occurred 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 transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 over the last 90 days. Company insiders own 12.64% of the company's stock.

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.