New Wave Wealth Advisors LLC Acquires New Position in Kinder Morgan, Inc. (NYSE:KMI)

New Wave Wealth Advisors LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,405 shares of the pipeline company’s stock, valued at approximately $148,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Kinder Morgan in the 2nd quarter worth $52,000. Sanctuary Advisors LLC purchased a new position in Kinder Morgan in the second quarter worth about $8,597,000. Centaurus Financial Inc. grew its stake in shares of Kinder Morgan by 67.7% during the 2nd quarter. Centaurus Financial Inc. now owns 9,151 shares of the pipeline company’s stock valued at $182,000 after purchasing an additional 3,694 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Kinder Morgan by 111.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 10,450 shares of the pipeline company’s stock valued at $231,000 after purchasing an additional 5,507 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after purchasing an additional 25,406 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the 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 in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 in the last three months. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of several recent research reports. Barclays boosted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Bank of America began coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Price Performance

NYSE:KMI opened at $27.49 on Friday. The business’s 50-day moving average is $27.99 and its 200 day moving average is $24.65. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The company has a market capitalization of $61.06 billion, a P/E ratio of 23.49, a P/E/G ratio of 3.10 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued 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%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.18%. Kinder Morgan’s payout ratio is currently 98.29%.

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.