Modern Wealth Management LLC Acquires 341,531 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Modern Wealth Management LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 934.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 378,089 shares of the pipeline company’s stock after purchasing an additional 341,531 shares during the quarter. Modern Wealth Management LLC’s holdings in Kinder Morgan were worth $10,235,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Nwam LLC boosted its position in Kinder Morgan by 28.7% during the third quarter. Nwam LLC now owns 16,308 shares of the pipeline company’s stock valued at $360,000 after purchasing an additional 3,634 shares in the last quarter. Nicolet Advisory Services LLC purchased a new stake in shares of Kinder Morgan during the third quarter valued at about $219,000. Great Valley Advisor Group Inc. boosted its holdings in shares of Kinder Morgan by 2.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 34,670 shares of the pipeline company’s stock valued at $766,000 after buying an additional 895 shares in the last quarter. Cerity Partners LLC grew its position in shares of Kinder Morgan by 8.4% in the 3rd quarter. Cerity Partners LLC now owns 778,474 shares of the pipeline company’s stock worth $17,197,000 after buying an additional 60,516 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in shares of Kinder Morgan by 1.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock worth $1,221,000 after acquiring an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

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 company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The firm has a fifty day moving average price of $27.57 and a 200 day moving average price of $26.21. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last posted 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%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.00%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMI. UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Morgan Stanley lifted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Citigroup raised 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. Seven 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 presently has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is owned by company insiders.

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.