Strategic Financial Concepts LLC Buys New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Strategic Financial Concepts LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, Holdings Channel.com reports. The fund purchased 197,730 shares of the pipeline company’s stock, valued at approximately $5,418,000.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $29,000. 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 owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

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

Kinder Morgan Stock Performance

KMI stock opened at $27.07 on Monday. The firm has a market cap of $60.13 billion, a P/E ratio of 23.13, a P/E/G ratio of 3.16 and a beta of 0.94. The stock’s 50 day simple moving average is $27.89 and its 200 day simple moving average is $24.94. 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, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its 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, equities research analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date 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 (DPR) is presently 98.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KMI. Barclays increased their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. 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 price objective on the stock. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup lifted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. 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 analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.