Whalen Wealth Management Inc. Has $715,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Whalen Wealth Management Inc. decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 19.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,352 shares of the pipeline company’s stock after selling 7,771 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Kinder Morgan were worth $715,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at approximately $30,000. HWG Holdings LP bought a new position in Kinder Morgan in the 2nd quarter worth about $30,000. Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% during the third 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 period. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at $31,000. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on KMI shares. Barclays boosted their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. UBS Group lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus upped their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.36.

Insider Buying and Selling

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.81% of the stock is owned by corporate insiders.

Kinder Morgan Trading Up 1.9 %

NYSE KMI opened at $27.79 on Tuesday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $27.84. The company has a 50 day moving average price of $23.98 and a 200 day moving average price of $21.57. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market cap of $61.73 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

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.