Golden State Equity Partners Has $450,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Golden State Equity Partners increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2,507.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,430 shares of the pipeline company's stock after purchasing an additional 15,800 shares during the period. Golden State Equity Partners' holdings in Kinder Morgan were worth $450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMI. Sumitomo Mitsui Trust Group Inc. raised its holdings in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock worth $101,422,000 after purchasing an additional 29,861 shares during the last quarter. Global Retirement Partners LLC boosted its stake in 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 buying an additional 776 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after buying an additional 71,984 shares during the period. Barclays PLC increased its stake in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Kinder Morgan by 116.1% during the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company's stock worth $5,772,000 after acquiring an additional 113,173 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays raised their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target on the stock. Finally, Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price objective for the company. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.14.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.14 during mid-day trading on Wednesday, reaching $27.64. 12,066,618 shares of the company's stock traded hands, compared to its average volume of 16,351,680. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The stock has a market capitalization 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 business's 50-day moving average price is $27.95 and its 200-day moving average price is $24.85. 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 released its 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%. Equities analysts predict that Kinder Morgan, Inc. will post 1.28 earnings per share for the current 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 given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the 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 sale, the president now directly owns 861,652 shares of the company's stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.81% of the company's stock.

About Kinder Morgan

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.