Inlet Private Wealth LLC Has $1.78 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Inlet Private Wealth LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 20.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 64,900 shares of the pipeline company’s stock after selling 16,200 shares during the period. Inlet Private Wealth LLC’s holdings in Kinder Morgan were worth $1,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KMI. Kayne Anderson Capital Advisors LP increased its stake in Kinder Morgan by 0.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock valued at $233,050,000 after purchasing an additional 69,307 shares in the last quarter. Barclays PLC increased its position in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Bank of Montreal Can lifted its holdings in Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after acquiring an additional 164,152 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after acquiring an additional 29,861 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Kinder Morgan by 30.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock worth $88,534,000 after acquiring an additional 932,469 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Down 2.2 %

NYSE KMI opened at $27.49 on Friday. The company has a market cap of $61.06 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 3.10 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The company has a 50 day moving average of $27.97 and a 200-day moving average of $24.70.

Kinder Morgan (NYSE:KMI) last released its earnings results 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 expect that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Analyst Ratings Changes

Several analysts have commented on KMI shares. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Barclays boosted their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 55,121 shares of company stock worth $1,497,000. Insiders own 12.64% of the company’s stock.

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.