Kinder Morgan, Inc. (NYSE:KMI) is Scott & Selber Inc.’s 8th Largest Position

Scott & Selber Inc. cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 265,143 shares of the pipeline company’s stock after selling 5,582 shares during the quarter. Kinder Morgan makes up approximately 2.2% of Scott & Selber Inc.’s portfolio, making the stock its 8th largest holding. Scott & Selber Inc.’s holdings in Kinder Morgan were worth $7,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CX Institutional raised its stake in shares of Kinder Morgan by 2.3% during the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after purchasing an additional 354 shares during the period. Sunflower Bank N.A. grew its holdings in Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after buying an additional 367 shares in the last quarter. Ignite Planners LLC increased its position in shares of Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after buying an additional 372 shares during the period. Eagle Bay Advisors LLC lifted its holdings in shares of Kinder Morgan by 8.0% in the fourth 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 boosted its position in shares of Kinder Morgan by 2.6% in the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock valued at $433,000 after acquiring an additional 400 shares during the period. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on KMI. Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. 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 research report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Citigroup lifted their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Seven investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.21.

Kinder Morgan Stock Up 0.1 %

Shares of NYSE KMI opened at $27.13 on Tuesday. The stock has a market capitalization of $60.28 billion, a P/E ratio of 23.19, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.42 and a one year high of $31.48. The firm’s 50 day simple moving average is $27.77 and its two-hundred day simple moving average is $25.60. 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 issued its earnings results 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%. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal 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 paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,504,136 in the last ninety days. 12.64% of the stock is owned by company insiders.

Kinder Morgan 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.