Smith Moore & CO. Purchases New Position in Kinder Morgan, Inc. (NYSE:KMI)

Smith Moore & CO. acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, Holdings Channel reports. The fund acquired 7,860 shares of the pipeline company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Kinder Morgan by 102.0% in the third quarter. Janus Henderson Group PLC now owns 494,385 shares of the pipeline company’s stock worth $10,923,000 after buying an additional 249,640 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Kinder Morgan by 5.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 66,939 shares of the pipeline company’s stock worth $1,479,000 after acquiring an additional 3,471 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Kinder Morgan by 19.2% during the 3rd quarter. Quantinno Capital Management LP now owns 249,384 shares of the pipeline company’s stock worth $5,509,000 after purchasing an additional 40,210 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in shares of Kinder Morgan by 2,320.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 333,441 shares of the pipeline company’s stock worth $6,747,000 after purchasing an additional 319,667 shares during the period. Finally, EP Wealth Advisors LLC raised its position in Kinder Morgan by 32.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 137,513 shares of the pipeline company’s stock worth $3,038,000 after purchasing an additional 33,512 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of analyst reports. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Citigroup boosted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan Stock Down 8.9 %

Kinder Morgan stock opened at $25.27 on Monday. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48. The business has a fifty day moving average of $27.20 and a two-hundred day moving average of $26.65. The firm has a market cap of $56.14 billion, a P/E ratio of 21.59, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 0.49 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 for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the transaction, the president now directly owns 807,652 shares of the company’s stock, valued at approximately $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, 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. Insiders sold 129,461 shares of company stock valued at $3,506,116 over the last 90 days. Insiders own 12.81% of the company’s stock.

About Kinder Morgan

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.