one8zero8 LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

one8zero8 LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 81,402 shares of the pipeline company’s stock, valued at approximately $2,230,000.

Several other large investors have also made changes to their positions in the business. Natixis Advisors LLC grew its position in shares of Kinder Morgan by 16.8% in the fourth quarter. Natixis Advisors LLC now owns 738,280 shares of the pipeline company’s stock valued at $20,229,000 after purchasing an additional 106,379 shares during the period. Frank Rimerman Advisors LLC boosted its holdings in Kinder Morgan by 2.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 48,565 shares of the pipeline company’s stock worth $1,331,000 after buying an additional 953 shares during the last quarter. Left Brain Wealth Management LLC purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $259,000. Wellington Shields Capital Management LLC raised its holdings in shares of Kinder Morgan by 3.7% during the fourth quarter. Wellington Shields Capital Management LLC now owns 13,946 shares of the pipeline company’s stock valued at $382,000 after acquiring an additional 500 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Kinder Morgan by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 882,795 shares of the pipeline company’s stock valued at $24,189,000 after acquiring an additional 18,201 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of KMI opened at $27.11 on Friday. The firm has a 50-day simple moving average of $27.60 and a two-hundred day simple moving average of $25.90. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 1-year low of $17.52 and a 1-year high of $31.48. The stock has a market cap of $60.23 billion, a PE ratio of 23.17, a P/E/G ratio of 3.08 and a beta of 0.94.

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

Kinder Morgan Dividend Announcement

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

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. This represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,490,996 in the last ninety days. 12.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. 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. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Morgan Stanley boosted their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.64.

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.