Hedeker Wealth LLC Sells 3,976 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Hedeker Wealth LLC lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 162,960 shares of the pipeline company’s stock after selling 3,976 shares during the quarter. Hedeker Wealth LLC’s holdings in Kinder Morgan were worth $4,465,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of KMI. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter worth about $27,000. Heck Capital Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter valued at about $29,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan during the 3rd quarter valued at about $28,000. Finally, Planning Capital Management Corp increased its position in Kinder Morgan by 143.6% during 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 during the period. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. 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 research note on Monday, January 27th. Scotiabank assumed coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Barclays lifted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 54,000 shares of company stock valued at $1,493,100. 12.81% of the stock is currently owned by company insiders.

Kinder Morgan Trading Down 3.1 %

Shares of KMI stock opened at $26.79 on Friday. The company has a 50-day moving average of $27.94 and a two-hundred day moving average of $24.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The firm has a market cap of $59.51 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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%. On average, analysts predict that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s payout ratio is 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.