IFP Advisors Inc Cuts Position in Kinder Morgan, Inc. (NYSE:KMI)

IFP Advisors Inc decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,973 shares of the pipeline company’s stock after selling 479 shares during the quarter. IFP Advisors Inc’s holdings in Kinder Morgan were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of KMI. Mainstay Capital Management LLC ADV increased its position in Kinder Morgan by 9.3% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 15,088 shares of the pipeline company’s stock worth $413,000 after purchasing an additional 1,281 shares during the last quarter. Forvis Mazars Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth $408,000. Howard Capital Management Inc. increased its holdings in shares of Kinder Morgan by 5.5% in the 4th quarter. Howard Capital Management Inc. now owns 13,752 shares of the pipeline company’s stock worth $377,000 after buying an additional 715 shares during the last quarter. Wealthspire Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $225,000. Finally, TCW Group Inc. lifted its holdings in shares of Kinder Morgan by 0.3% in the 4th quarter. TCW Group Inc. now owns 251,506 shares of the pipeline company’s stock valued at $6,891,000 after acquiring an additional 704 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,461 shares of company stock worth $3,504,136. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. UBS Group increased their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays lifted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Trading Up 0.2 %

KMI opened at $26.16 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock’s fifty day moving average is $27.76 and its two-hundred day moving average is $25.44. The company has a market capitalization of $58.12 billion, a P/E ratio of 22.35, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.02 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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%. Analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.40%. Kinder Morgan’s payout ratio is presently 98.29%.

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.