Kingsview Wealth Management LLC Raises Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Kingsview Wealth Management LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,858 shares of the pipeline company’s stock after acquiring an additional 3,567 shares during the period. Kingsview Wealth Management LLC’s holdings in Kinder Morgan were worth $1,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KMI. Barclays PLC grew its holdings in Kinder Morgan by 39.9% during 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. National Bank of Canada FI grew its stake in Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after acquiring an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after acquiring an additional 2,053,612 shares during the last quarter. Jennison Associates LLC lifted its stake in Kinder Morgan by 847.4% in the 4th quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock worth $40,420,000 after purchasing an additional 1,319,474 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Kinder Morgan by 295.2% during the 3rd quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after purchasing an additional 1,257,428 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KMI shares. 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. UBS Group upped their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Citigroup raised their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Finally, Royal Bank of Canada lifted their price objective 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. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Trading Up 0.1 %

Shares of NYSE KMI opened at $27.07 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The company has a market cap of $60.14 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 3.16 and a beta of 0.94. The business’s 50 day moving average price is $27.89 and its 200-day moving average price is $24.96.

Kinder Morgan (NYSE:KMI) last released its earnings results 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 return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business 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 $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.25%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

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.