Private Wealth Partners LLC Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Private Wealth Partners LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 299,884 shares of the pipeline company’s stock after selling 10,911 shares during the period. Private Wealth Partners LLC’s holdings in Kinder Morgan were worth $8,217,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan during the 4th quarter worth $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% in the 3rd 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 in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho upped their price target 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. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Citigroup raised their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Nine research 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. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Trading Up 0.3 %

Kinder Morgan stock opened at $26.84 on Thursday. The firm has a market cap of $59.63 billion, a PE ratio of 22.94, a P/E/G ratio of 3.13 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.00 and a 12 month high of $31.48. The stock’s 50 day simple moving average is $27.79 and its two-hundred day simple moving average is $25.25. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Analysts anticipate that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were 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 was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the company’s 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 transaction, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,461 shares of company stock valued at $3,504,136. 12.64% of the stock is owned by company 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.