Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 48,565 shares of the pipeline company’s stock after acquiring an additional 953 shares during the period. Frank Rimerman Advisors LLC’s holdings in Kinder Morgan were worth $1,331,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $29,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after buying an additional 703 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares of the company’s stock, valued at $21,970,599.72. This represents a 2.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 2.1 %

Shares of Kinder Morgan stock opened at $27.11 on Friday. Kinder Morgan, Inc. has a twelve month low of $17.52 and a twelve month high of $31.48. The stock has a market cap of $60.23 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average price of $27.60 and a 200 day moving average price of $25.90.

Kinder Morgan (NYSE:KMI) last issued its 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 return on equity of 8.09% and a net margin of 17.31%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.24%. Kinder Morgan’s payout ratio is currently 98.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KMI. UBS Group raised their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Citigroup lifted their price objective on 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 increased their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Finally, The Goldman Sachs Group increased their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.64.

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.