Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Golden State Equity Partners

Golden State Equity Partners raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2,507.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,430 shares of the pipeline company’s stock after acquiring an additional 15,800 shares during the period. Golden State Equity Partners’ holdings in Kinder Morgan were worth $450,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KMI. CX Institutional boosted its position in Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 354 shares during the period. Sunflower Bank N.A. boosted its stake in Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 367 shares during the period. Ignite Planners LLC grew its holdings in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after buying an additional 372 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock worth $142,000 after buying an additional 385 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Kinder Morgan by 0.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after purchasing an additional 414 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on KMI. Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. The Goldman Sachs Group boosted 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. Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group raised their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares in the company, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 over the last ninety days. Insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Up 0.4 %

NYSE:KMI opened at $27.59 on Tuesday. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The firm has a market capitalization of $61.29 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. 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’s 50 day moving average price is $27.97 and its two-hundred day moving average price is $24.76.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.17%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 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.