TABR Capital Management LLC Acquires New Shares in Kinder Morgan, Inc. $KMI

TABR Capital Management LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 235,599 shares of the pipeline company’s stock, valued at approximately $6,477,000. Kinder Morgan accounts for approximately 2.5% of TABR Capital Management LLC’s portfolio, making the stock its 9th largest position.

A number of other institutional investors have also recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $27,000. Strategic Advocates LLC acquired a new position in Kinder Morgan in the third quarter valued at about $32,000. CoreFirst Bank & Trust acquired a new stake in shares of Kinder Morgan during the second quarter worth about $35,000. Private Wealth Management Group LLC lifted its holdings in shares of Kinder Morgan by 94.9% during 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, Westside Investment Management Inc. grew its position in shares of Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,032 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Royal Bank Of Canada boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Wells Fargo & Company increased their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Finally, TD Cowen raised their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.46.

Insider Transactions at Kinder Morgan

In other news, VP Anthony B. Ashley sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the transaction, the vice president owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 48,048 shares of company stock worth $1,469,863. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $32.88 on Monday. The stock’s fifty day moving average price is $31.31 and its two-hundred day moving average price is $28.60. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $34.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The firm has a market cap of $73.15 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 3.03 and a beta of 0.68.

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

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s payout ratio is 85.40%.

About Kinder Morgan

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.