Strategy Asset Managers LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Strategy Asset Managers LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 285,426 shares of the pipeline company’s stock, valued at approximately $7,821,000. Kinder Morgan comprises approximately 1.5% of Strategy Asset Managers LLC’s holdings, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $27,000. Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $29,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’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 owns 220,681 shares in the company, 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 ninety days, insiders sold 129,461 shares of company stock valued at $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $28.39 on Friday. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The stock’s 50-day moving average price is $27.48 and its two-hundred day moving average price is $26.34. The company has a market cap of $63.07 billion, a PE ratio of 24.26, a PEG ratio of 3.08 and a beta of 0.94. 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 posted 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 return on equity of 8.09% and a net margin of 17.31%. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.05%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the topic of several recent research reports. UBS Group lifted their price objective 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. Wells Fargo & Company increased their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Mizuho lifted their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. 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 report on Monday, March 3rd. Finally, Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price 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.