Copperwynd Financial LLC Trims Stake in Kinder Morgan, Inc. (NYSE:KMI)

Copperwynd Financial LLC trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 34.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,493 shares of the pipeline company’s stock after selling 5,937 shares during the period. Copperwynd Financial LLC’s holdings in Kinder Morgan were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CX Institutional increased its stake in shares of Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 354 shares in the last quarter. Sunflower Bank N.A. increased its stake in shares of Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after purchasing an additional 367 shares in the last quarter. Ignite Planners LLC increased its stake in shares of Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after purchasing an additional 372 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in Kinder Morgan by 8.0% in the 4th 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 in the last quarter. Finally, Bristlecone Advisors LLC increased its stake in Kinder Morgan by 2.6% in the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock worth $433,000 after buying an additional 400 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group increased their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Finally, Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Up 2.1 %

Shares of NYSE KMI opened at $27.11 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market cap of $60.23 billion, a P/E ratio of 23.17, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.48 and a 1 year high of $31.48. The firm has a 50-day simple moving average of $27.60 and a two-hundred day simple moving average of $25.87.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business 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 4.24%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the transaction, the president now directly owns 825,652 shares of the company’s stock, valued at approximately $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred 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 directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently 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.