Mather Group LLC. Acquires 620 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Mather Group LLC. lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,503 shares of the pipeline company’s stock after buying an additional 620 shares during the quarter. Mather Group LLC.’s holdings in Kinder Morgan were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth about $28,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan during the 4th quarter valued at about $29,000. Finally, Planning Capital Management Corp grew its stake in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 54,000 shares of company stock valued at $1,493,100 in the last quarter. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 3.1 %

Shares of Kinder Morgan stock opened at $26.79 on Friday. The business has a fifty day simple moving average of $27.94 and a 200 day simple moving average of $24.86. The stock has a market cap of $59.51 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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%. Research analysts predict that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.29%. Kinder Morgan’s dividend payout ratio is 98.29%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup boosted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. The Goldman Sachs Group increased their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Mizuho raised their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

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.