Golden State Equity Partners Has $450,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Golden State Equity Partners increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2,507.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,430 shares of the pipeline company’s stock after buying an additional 15,800 shares during the period. Golden State Equity Partners’ holdings in Kinder Morgan were worth $450,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KMI. Centaurus Financial Inc. lifted its position 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 acquiring an additional 3,694 shares during the period. Czech National Bank boosted its holdings 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 buying an additional 25,406 shares during the last quarter. GAMMA Investing LLC grew its holdings in Kinder Morgan by 34.1% during the third quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company’s stock valued at $602,000 after purchasing an additional 6,932 shares during the period. Diversified Trust Co bought a new position in Kinder Morgan during the third quarter worth about $467,000. Finally, SignalPoint Asset Management LLC grew its stake in Kinder Morgan by 1.5% in the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after buying an additional 447 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 55,121 shares of company stock valued at $1,497,000 over the last ninety days. 12.81% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Up 0.4 %

NYSE KMI opened at $27.59 on Tuesday. The stock’s fifty day moving average price is $27.97 and its 200-day moving average price is $24.76. 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 stock has a market cap of $61.29 billion, a P/E ratio of 23.58, a P/E/G ratio of 3.12 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued 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%. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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 issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup increased their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Scotiabank initiated coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. 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 increased their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, UBS Group upped their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.14.

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.