Financial Advocates Investment Management Sells 9,223 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Financial Advocates Investment Management trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 51.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,698 shares of the pipeline company’s stock after selling 9,223 shares during the period. Financial Advocates Investment Management’s holdings in Kinder Morgan were worth $238,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. CX Institutional grew its holdings in shares of Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 354 shares during the last quarter. Sunflower Bank N.A. grew its holdings in Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after acquiring an additional 367 shares during the last quarter. Ignite Planners LLC increased its position in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after acquiring an additional 372 shares during the period. Eagle Bay Advisors LLC raised its stake in shares of Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 385 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Kinder Morgan by 0.5% during the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after purchasing an additional 414 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 54,000 shares of company stock valued at $1,493,100 over the last ninety days. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Up 1.1 %

Shares of NYSE:KMI opened at $27.07 on Monday. The firm has a market cap of $60.13 billion, a P/E ratio of 23.13, a PEG ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48. The business’s 50 day simple moving average is $27.89 and its two-hundred day simple moving average is $24.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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 net margin of 17.31% and a return on equity of 8.09%. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analysts Set New Price Targets

KMI has been the subject of several analyst reports. Royal Bank of Canada raised 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. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays increased their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Nine equities 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. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $29.14.

About Kinder Morgan

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.