Advisory Resource Group Buys New Shares in Kinder Morgan, Inc. (NYSE:KMI)

Advisory Resource Group purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,541 shares of the pipeline company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth about $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan during the 3rd quarter worth $28,000. Finally, Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 54,000 shares of company stock valued at $1,493,100 over the last quarter. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $27.07 on Friday. The company has a 50-day moving average price of $27.89 and a two-hundred day moving average price of $24.91. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The stock has a market cap of $60.13 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced 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 net margin of 17.31% and a return on equity of 8.09%. Analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS 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 paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup boosted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.