Nilsine Partners LLC Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Nilsine Partners LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 13.0% in the 4th quarter, Holdings Channel reports. The firm owned 16,856 shares of the pipeline company’s stock after acquiring an additional 1,938 shares during the period. Nilsine Partners LLC’s holdings in Kinder Morgan were worth $462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMI. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan during the third quarter valued at approximately $28,000. Planning Capital Management Corp boosted its holdings in Kinder Morgan by 143.6% in the third 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 last quarter. Finally, HM Payson & Co. grew its position in Kinder Morgan by 401.8% in the 3rd 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 period. 62.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KMI shares. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Citigroup increased their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company increased their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Insider Activity

In related news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly 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 sold a total of 55,121 shares of company stock worth $1,497,000 over the last 90 days. Corporate insiders own 12.81% of the company’s stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $27.30 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The stock’s 50-day simple moving average is $28.01 and its 200-day simple moving average is $24.60. The company has a market capitalization of $60.64 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. As a group, analysts expect that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

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.