Hoey Investments Inc. Has $1.01 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Hoey Investments Inc. lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,845 shares of the pipeline company’s stock after selling 8,381 shares during the period. Kinder Morgan comprises 0.2% of Hoey Investments Inc.’s investment portfolio, making the stock its 28th largest holding. Hoey Investments Inc.’s holdings in Kinder Morgan were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of KMI. CX Institutional lifted its position in shares of Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after acquiring an additional 354 shares in the last quarter. Sunflower Bank N.A. lifted its holdings 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 valued at $288,000 after purchasing an additional 367 shares in the last quarter. Ignite Planners LLC boosted its position in shares of Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after buying an additional 372 shares during the period. Eagle Bay Advisors LLC raised its position in Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after buying an additional 385 shares during the period. Finally, Bristlecone Advisors LLC lifted its stake in Kinder Morgan by 2.6% in the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock worth $433,000 after acquiring an additional 400 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the sale, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction 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 directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,490,996 in the last 90 days. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Trading Up 0.6 %

Shares of KMI stock opened at $28.39 on Monday. The business’s 50 day moving average is $27.48 and its two-hundred day moving average is $26.42. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The company has a market cap of $63.07 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced 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%. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.05%. Kinder Morgan’s payout ratio is 98.29%.

Analysts Set New Price Targets

Several research firms have weighed in on KMI. Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Wells Fargo & Company boosted 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. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Finally, Citigroup lifted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

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.