Generali Investments Management Co LLC Takes $213,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Generali Investments Management Co LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,760 shares of the pipeline company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Harvest Fund Management Co. Ltd boosted its stake in shares of Kinder Morgan by 412.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 58,005 shares of the pipeline company’s stock valued at $1,590,000 after purchasing an additional 46,694 shares during the period. VSM Wealth Advisory LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $151,000. Xponance Inc. raised its holdings in Kinder Morgan by 5.2% in the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock valued at $8,303,000 after acquiring an additional 15,114 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $10,610,000. Finally, Advisors Asset Management Inc. raised its holdings in Kinder Morgan by 4.9% in the fourth quarter. Advisors Asset Management Inc. now owns 230,287 shares of the pipeline company’s stock valued at $6,310,000 after acquiring an additional 10,653 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group raised their target price 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. Wells Fargo & Company raised 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. Mizuho raised their price objective 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. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Finally, The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 transaction, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % 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 three months. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $27.51 on Wednesday. The firm’s fifty day simple moving average is $27.59 and its 200-day simple moving average is $26.02. The stock has a market capitalization of $61.13 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. 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 (NYSE:KMI) last announced 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 analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.18%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

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.