Northstar Advisory Group LLC Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Northstar Advisory Group LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,359 shares of the pipeline company’s stock after buying an additional 805 shares during the quarter. Northstar Advisory Group LLC’s holdings in Kinder Morgan were worth $859,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Sunflower Bank N.A. grew its stake in shares of Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after acquiring an additional 367 shares during the period. Bar Harbor Wealth Management grew its position in Kinder Morgan by 0.8% in the 4th quarter. Bar Harbor Wealth Management now owns 163,215 shares of the pipeline company’s stock worth $4,472,000 after purchasing an additional 1,256 shares during the period. Claro Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at $223,000. Wedmont Private Capital lifted its holdings in shares of Kinder Morgan by 6.7% during the 4th quarter. Wedmont Private Capital now owns 33,814 shares of the pipeline company’s stock valued at $952,000 after buying an additional 2,136 shares during the period. Finally, Salem Investment Counselors Inc. boosted its stake in shares of Kinder Morgan by 0.4% in the 4th quarter. Salem Investment Counselors Inc. now owns 342,455 shares of the pipeline company’s stock worth $9,383,000 after buying an additional 1,480 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 745,263 shares of company stock worth $18,578,014. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group raised their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research report on Friday, October 18th. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Barclays raised their target price on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded up $0.36 during mid-day trading on Monday, reaching $28.52. The stock had a trading volume of 11,933,861 shares, compared to its average volume of 11,841,540. The company has a market cap of $63.36 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The business’s 50 day moving average price is $27.31 and its 200 day moving average price is $23.79. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.82.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. Research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

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.