Baxter Bros Inc. Sells 1,540 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Baxter Bros Inc. trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,621 shares of the pipeline company’s stock after selling 1,540 shares during the quarter. Baxter Bros Inc.’s holdings in Kinder Morgan were worth $2,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. PKS Advisory Services LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at $450,000. Houlihan Financial Resource Group Ltd. raised its position in Kinder Morgan by 1.8% in the fourth quarter. Houlihan Financial Resource Group Ltd. now owns 57,819 shares of the pipeline company’s stock valued at $1,584,000 after purchasing an additional 1,004 shares during the last quarter. FineMark National Bank & Trust grew its holdings in shares of Kinder Morgan by 0.9% during the fourth quarter. FineMark National Bank & Trust now owns 54,662 shares of the pipeline company’s stock worth $1,498,000 after purchasing an additional 511 shares during the last quarter. Modern Wealth Management LLC increased its stake in shares of Kinder Morgan by 934.2% in the fourth quarter. Modern Wealth Management LLC now owns 378,089 shares of the pipeline company’s stock valued at $10,235,000 after buying an additional 341,531 shares during the period. Finally, CoreFirst Bank & Trust acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $47,000. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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 report on Wednesday, January 29th. UBS Group raised their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. 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 research note on Thursday, January 23rd. Seven equities research 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Insiders Place Their Bets

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

Kinder Morgan Price Performance

Shares of KMI opened at $28.76 on Tuesday. The stock has a market cap of $63.91 billion, a P/E ratio of 24.58, a P/E/G ratio of 3.08 and a beta of 0.94. The business’s fifty day moving average is $27.57 and its 200 day moving average is $26.21. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 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.