Whittier Trust Co. of Nevada Inc. Has $2.81 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Whittier Trust Co. of Nevada Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 199.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,753 shares of the pipeline company’s stock after acquiring an additional 68,442 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Kinder Morgan were worth $2,814,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KMI. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. raised its position in shares of Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after buying an additional 703 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.6 %

Shares of KMI opened at $27.90 on Friday. The firm has a 50 day simple moving average of $27.57 and a two-hundred day simple moving average of $26.09. The company has a market cap of $61.98 billion, a P/E ratio of 23.84, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.12%. Kinder Morgan’s payout ratio is presently 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction 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 sale, the president now owns 825,652 shares of the company’s stock, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the business’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 completion of the sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KMI. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

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.