Hobbs Group Advisors LLC Has $958,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Hobbs Group Advisors LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 34,949 shares of the pipeline company’s stock after acquiring an additional 1,692 shares during the period. Hobbs Group Advisors LLC’s holdings in Kinder Morgan were worth $958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Townsquare Capital LLC raised its stake in Kinder Morgan by 33.4% during the third quarter. Townsquare Capital LLC now owns 66,248 shares of the pipeline company’s stock worth $1,463,000 after acquiring an additional 16,604 shares in the last quarter. Freedom Investment Management Inc. acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth about $207,000. Glenmede Trust Co. NA lifted its holdings in Kinder Morgan by 6.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 582,196 shares of the pipeline company’s stock valued at $12,861,000 after purchasing an additional 32,916 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Kinder Morgan in the third quarter valued at about $10,183,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kinder Morgan by 68.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,746,558 shares of the pipeline company’s stock worth $38,581,000 after buying an additional 710,840 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the firm’s 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 sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock valued at $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $28.39 on Friday. The firm has a fifty day moving average of $27.48 and a two-hundred day moving average of $26.34. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a market capitalization of $63.07 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed 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. This represents a $1.15 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KMI. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Monday, March 3rd. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.