Archer Investment Corp Reduces Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Archer Investment Corp lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 8.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 52,063 shares of the pipeline company’s stock after selling 4,500 shares during the period. Archer Investment Corp’s holdings in Kinder Morgan were worth $1,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Czech National Bank grew its holdings in Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after buying an additional 25,406 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Kinder Morgan in the third quarter valued at about $467,000. Brookstone Capital Management increased its position in Kinder Morgan by 0.5% during the third quarter. Brookstone Capital Management now owns 537,378 shares of the pipeline company’s stock worth $11,871,000 after purchasing an additional 2,811 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Kinder Morgan by 19.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 12,213 shares of the pipeline company’s stock valued at $270,000 after purchasing an additional 2,029 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Kinder Morgan by 1.2% in the 3rd quarter. CWM LLC now owns 403,995 shares of the pipeline company’s stock valued at $8,924,000 after buying an additional 4,857 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank initiated coverage on shares of 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. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley increased their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Barclays boosted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 54,000 shares of company stock valued at $1,493,100. Insiders own 12.81% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $26.79 on Friday. The business has a 50 day moving average price of $27.94 and a 200 day moving average price of $24.86. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock has a market cap of $59.51 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 3.12 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 8.09% and a net margin of 17.31%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) 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.