Benedict Financial Advisors Inc. Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

Benedict Financial Advisors Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,216 shares of the pipeline company’s stock after buying an additional 12,072 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Kinder Morgan were worth $3,869,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan during the 3rd quarter valued at $28,000. Finally, Planning Capital Management Corp increased 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 valued at $30,000 after acquiring an additional 797 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.07 on Friday. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a 50 day moving average of $27.89 and a 200 day moving average of $24.91. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market cap of $60.13 billion, a P/E ratio of 23.13, a PEG ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KMI shares. Morgan Stanley increased their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Mizuho lifted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays upped their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Finally, UBS Group increased 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. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 54,000 shares of company stock worth $1,493,100. 12.64% of the stock is owned by insiders.

Kinder Morgan Company 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.