Northstar Advisory Group LLC Sells 70,029 Shares of Kinder Morgan, Inc. $KMI

Northstar Advisory Group LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 79.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,029 shares of the pipeline company’s stock after selling 70,029 shares during the period. Northstar Advisory Group LLC’s holdings in Kinder Morgan were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. Wolff Wiese Magana LLC acquired a new position in Kinder Morgan during the second quarter worth $34,000. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan during the second quarter valued at $35,000. Private Wealth Management Group LLC boosted its stake in shares of Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter worth about $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the transaction, the vice president directly owned 201,204 shares in the company, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,498 shares of company stock worth $1,107,462. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Down 0.9%

NYSE:KMI opened at $29.32 on Tuesday. The company has a market cap of $65.22 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 2.40 and a beta of 0.69. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. The stock’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $27.23. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $30.18.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s payout ratio is currently 85.40%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KMI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday. Royal Bank Of Canada lifted their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Scotiabank boosted their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday. Stifel Nicolaus raised their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, UBS Group reiterated a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $32.07.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.