Summit Trail Advisors LLC Has $1.05 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Summit Trail Advisors LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 34.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,451 shares of the pipeline company’s stock after acquiring an additional 9,873 shares during the quarter. Summit Trail Advisors LLC’s holdings in Kinder Morgan were worth $1,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the third quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $29,000. Finally, Planning Capital Management Corp lifted its holdings in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 54,000 shares of company stock worth $1,493,100. Company insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMI. Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. The Goldman Sachs Group increased their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Citigroup boosted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Down 1.1 %

Shares of NYSE:KMI opened at $26.78 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The firm has a market capitalization of $59.48 billion, a P/E ratio of 22.88, a P/E/G ratio of 3.16 and a beta of 0.94. The stock has a 50 day moving average price of $27.89 and a 200-day moving average price of $25.01. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.30%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

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.