Magnus Financial Group LLC Has $452,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Magnus Financial Group LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 13.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,504 shares of the pipeline company’s stock after buying an additional 1,995 shares during the period. Magnus Financial Group LLC’s holdings in Kinder Morgan were worth $452,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KMI. Sunflower Bank N.A. grew its holdings in shares of Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 367 shares in the last quarter. Ignite Planners LLC lifted its holdings in Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after acquiring an additional 372 shares during the period. Eagle Bay Advisors LLC boosted its position in Kinder Morgan by 8.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock worth $142,000 after purchasing an additional 385 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Kinder Morgan by 0.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock valued at $2,000,000 after purchasing an additional 414 shares during the period. Finally, SignalPoint Asset Management LLC increased its position in shares of Kinder Morgan by 1.5% during the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after purchasing an additional 447 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 in the last three months. Company insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KMI. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group upped their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, UBS Group raised their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Kinder Morgan Stock Performance

NYSE:KMI opened at $30.79 on Thursday. The business’s fifty day moving average is $27.82 and its 200 day moving average is $24.28. The firm has a market cap of $68.40 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 4.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results 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 16.76% and a return on equity of 7.87%. Research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 3.74%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Kinder Morgan 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.