Corps Capital Advisors LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Corps Capital Advisors LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, HoldingsChannel reports. The fund acquired 10,202 shares of the pipeline company’s stock, valued at approximately $280,000.

A number of other large investors have also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $29,000. Finally, Planning Capital Management Corp lifted its position in shares of 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 buying an additional 797 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

NYSE KMI opened at $26.84 on Thursday. The business’s 50 day moving average price is $27.79 and its 200-day moving average price is $25.25. Kinder Morgan, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $31.48. The company has a market cap of $59.63 billion, a P/E ratio of 22.94, a P/E/G ratio of 3.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results 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%. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.23 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 issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.29%. Kinder Morgan’s payout ratio is presently 98.29%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the 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 completion of the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,461 shares of company stock worth $3,504,136. Company insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KMI shares. Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. The Goldman Sachs Group boosted their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays boosted their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Citigroup boosted their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Nine 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.14.

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.