Jaffetilchin Investment Partners LLC Acquires New Holdings in Kinder Morgan, Inc. $KMI

Jaffetilchin Investment Partners LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,147 shares of the pipeline company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Kinder Morgan by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,765 shares of the pipeline company’s stock worth $2,626,000 after acquiring an additional 545 shares during the period. apricus wealth LLC increased its stake in shares of Kinder Morgan by 12.3% during the fourth quarter. apricus wealth LLC now owns 113,178 shares of the pipeline company’s stock valued at $3,111,000 after acquiring an additional 12,425 shares during the period. Columbus Macro LLC increased its stake in shares of Kinder Morgan by 9.9% during the fourth quarter. Columbus Macro LLC now owns 476,366 shares of the pipeline company’s stock valued at $13,095,000 after acquiring an additional 42,991 shares during the period. ORG Partners LLC raised its holdings in Kinder Morgan by 17.3% during the fourth quarter. ORG Partners LLC now owns 7,419 shares of the pipeline company’s stock worth $204,000 after purchasing an additional 1,095 shares in the last quarter. Finally, TrueMark Investments LLC raised its holdings in Kinder Morgan by 7.6% during the fourth quarter. TrueMark Investments LLC now owns 174,506 shares of the pipeline company’s stock worth $4,797,000 after purchasing an additional 12,384 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, Director William A. Smith acquired 3,000 shares of Kinder Morgan stock in a transaction on Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, with a total value of $89,250.00. Following the completion of the purchase, the director owned 31,087 shares of the company’s stock, valued at $924,838.25. This represents a 10.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 48,048 shares of company stock worth $1,469,863. 12.73% of the stock is owned by company insiders.

Kinder Morgan Price Performance

NYSE KMI opened at $32.91 on Thursday. The stock has a market capitalization of $73.21 billion, a P/E ratio of 24.02, a P/E/G ratio of 3.07 and a beta of 0.64. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $34.73. The business’s fifty day moving average is $32.28 and its two-hundred day moving average is $28.97. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64.

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

Kinder Morgan Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on KMI. TD Cowen increased their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley upped their price objective on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Jefferies Financial Group raised their target price on Kinder Morgan from $31.00 to $36.00 and gave the company a “hold” rating in a research note on Tuesday, March 24th. UBS Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Finally, Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Hold” and a consensus target price of $34.33.

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.