Ibex Wealth Advisors Invests $10.44 Million in Kinder Morgan, Inc. (NYSE:KMI)

Ibex Wealth Advisors bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 381,016 shares of the pipeline company's stock, valued at approximately $10,440,000. Kinder Morgan accounts for about 1.2% of Ibex Wealth Advisors' investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the 3rd quarter valued at about $28,000. Planning Capital Management Corp boosted its position in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock valued at $30,000 after buying an additional 797 shares during the last quarter. Finally, HM Payson & Co. lifted its position in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.17 during mid-day trading on Wednesday, reaching $27.30. 14,614,782 shares of the company's stock were exchanged, compared to its average volume of 16,719,867. The firm has a market capitalization of $60.64 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $31.48. The business's fifty day simple moving average is $28.01 and its two-hundred day simple moving average is $24.60.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted 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 8.10%. Analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is 98.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMI. Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 target price on the stock. Citigroup raised their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus target price of $29.14.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company's stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock valued at $1,497,000 over the last ninety days. Corporate insiders own 12.81% 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.