Fort Sheridan Advisors LLC Trims Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Fort Sheridan Advisors LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,624 shares of the pipeline company’s stock after selling 8,952 shares during the period. Fort Sheridan Advisors LLC’s holdings in Kinder Morgan were worth $2,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMI. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $29,000. Finally, Planning Capital Management Corp raised 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 buying an additional 797 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KMI shares. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Citigroup raised their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, UBS Group boosted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Performance

Shares of KMI opened at $26.23 on Friday. Kinder Morgan, Inc. has a 1 year low of $17.02 and a 1 year high of $31.48. The stock has a market capitalization of $58.28 billion, a PE ratio of 22.42, a PEG ratio of 3.08 and a beta of 0.94. 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 50-day simple moving average of $27.76 and a 200-day simple moving average of $25.45.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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%. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on 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 transaction, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated 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 owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,504,136 in the last ninety days. Insiders own 12.64% of the company’s stock.

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.