Oarsman Capital Inc. Has $168,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Oarsman Capital Inc. cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 38.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,145 shares of the pipeline company’s stock after selling 3,900 shares during the period. Oarsman Capital Inc.’s holdings in Kinder Morgan were worth $168,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KMI. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $29,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares of the company’s stock, valued at approximately $23,219,995. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,506,116 in the last 90 days. Company insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KMI shares. Morgan Stanley increased their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Citigroup lifted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Seven 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan Stock Down 8.9 %

KMI stock opened at $25.27 on Friday. The business’s fifty day moving average price is $27.20 and its two-hundred day moving average price is $26.61. The stock has a market capitalization of $56.14 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48. 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 issued 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 return on equity of 8.09% and a net margin of 17.31%. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

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.