Capital CS Group LLC Buys Shares of 23,508 Kinder Morgan, Inc. (NYSE:KMI)

Capital CS Group LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, HoldingsChannel reports. The fund purchased 23,508 shares of the pipeline company’s stock, valued at approximately $644,000. Kinder Morgan makes up about 0.8% of Capital CS Group LLC’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in KMI. Rosenberg Matthew Hamilton raised its stake in Kinder Morgan by 9.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 11,225 shares of the pipeline company’s stock valued at $308,000 after buying an additional 944 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at about $315,000. Northstar Advisory Group LLC grew its position in shares of Kinder Morgan by 2.6% during the 4th quarter. Northstar Advisory Group LLC now owns 31,359 shares of the pipeline company’s stock valued at $859,000 after buying an additional 805 shares during the last quarter. Sunflower Bank N.A. raised its stake in Kinder Morgan by 3.6% during the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after acquiring an additional 367 shares during the period. Finally, Bar Harbor Wealth Management lifted its holdings in Kinder Morgan by 0.8% in the fourth quarter. Bar Harbor Wealth Management now owns 163,215 shares of the pipeline company’s stock worth $4,472,000 after acquiring an additional 1,256 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $28.52 on Tuesday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.82. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $27.39 and its two-hundred day moving average price is $23.85. The stock has a market cap of $63.36 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

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

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.03%. Kinder Morgan’s payout ratio is 100.88%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research reports. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group increased their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays boosted their price target on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Scotiabank initiated coverage on shares of Kinder Morgan in a report on Friday. They issued a “sector perform” rating and a $26.00 price objective on the stock. Finally, Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.67.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 745,263 shares of company stock valued at $18,578,014. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Company 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.