Kinder Morgan, Inc. (NYSE:KMI) Stake Increased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 111.7% in the 4th quarter, Holdings Channel reports. The firm owned 25,137 shares of the pipeline company’s stock after purchasing an additional 13,261 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Kinder Morgan were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $25,000. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $29,000. Finally, Planning Capital Management Corp lifted its position in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KMI shares. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada lifted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Trading Up 0.5 %

NYSE KMI opened at $26.54 on Thursday. The business has a 50 day simple moving average of $27.65 and a 200 day simple moving average of $25.83. Kinder Morgan, Inc. has a one year low of $17.45 and a one year high of $31.48. The stock has a market capitalization of $58.96 billion, a P/E ratio of 22.68, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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%. Research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.33%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the transaction, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock valued at $3,490,996. Company insiders own 12.64% 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.