Norden Group LLC Has $692,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Norden Group LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 52.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,267 shares of the pipeline company’s stock after buying an additional 8,728 shares during the period. Norden Group LLC’s holdings in Kinder Morgan were worth $692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $25,000. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $29,000. Finally, Planning Capital Management Corp increased its stake 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 last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KMI shares. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a report on Monday. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Mizuho lifted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.21.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,504,136. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.13 on Tuesday. 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 $60.28 billion, a P/E ratio of 23.19, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.42 and a 12-month high of $31.48. The firm has a 50-day moving average price of $27.77 and a two-hundred day moving average price of $25.60.

Kinder Morgan (NYSE:KMI) last issued its 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 17.31% and a return on equity of 8.09%. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is presently 98.29%.

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.