Wesbanco Bank Inc. Sells 29,790 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Wesbanco Bank Inc. reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,625 shares of the pipeline company’s stock after selling 29,790 shares during the quarter. Wesbanco Bank Inc.’s holdings in Kinder Morgan were worth $3,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMI. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Modus Advisors LLC bought a new position in Kinder Morgan in the fourth quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the third quarter valued at about $28,000. HWG Holdings LP bought a new position in Kinder Morgan in the second quarter valued at about $30,000. Finally, Planning Capital Management Corp lifted its holdings in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares during the period. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock valued at $1,497,000 in the last three months. 12.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on KMI shares. Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Wells Fargo & Company increased their target price on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research report on Friday, October 18th. Royal Bank of Canada increased their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $27.00.

Kinder Morgan Trading Down 1.4 %

NYSE KMI opened at $30.79 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The company’s 50-day moving average price is $27.82 and its 200-day moving average price is $24.28. The stock has a market cap of $68.40 billion, a PE ratio of 27.01, a PEG ratio of 4.18 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 3.74%. Kinder Morgan’s payout ratio is currently 100.88%.

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.