Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Rollins Financial Advisors LLC

Rollins Financial Advisors LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 23.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,298 shares of the pipeline company’s stock after acquiring an additional 34,893 shares during the quarter. Kinder Morgan comprises approximately 0.8% of Rollins Financial Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Rollins Financial Advisors LLC’s holdings in Kinder Morgan were worth $5,050,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KMI. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $25,000. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.1 %

Shares of Kinder Morgan stock opened at $25.31 on Tuesday. Kinder Morgan, Inc. has a 52-week low of $17.61 and a 52-week high of $31.48. The company has a 50 day moving average of $27.15 and a 200 day moving average of $26.67. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $56.25 billion, a P/E ratio of 21.64, a P/E/G ratio of 3.08 and a beta of 0.72.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.54%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’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 directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,506,116 over the last three months. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Royal Bank of Canada raised their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Seven equities 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 stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan 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.