Sequoia Financial Advisors LLC Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Sequoia Financial Advisors LLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 177,858 shares of the pipeline company’s stock after acquiring an additional 6,115 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kinder Morgan were worth $4,873,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $157,804,000. Amundi boosted its holdings in Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after purchasing an additional 2,650,040 shares in the last quarter. Barclays PLC boosted its holdings in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Fisher Funds Management LTD acquired a new position in Kinder Morgan during the 4th quarter worth approximately $62,534,000. Finally, National Bank of Canada FI raised its stake in shares of Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after buying an additional 2,194,489 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Scotiabank began coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Finally, Mizuho lifted their price target 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. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan currently has an average 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 stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,461 shares of company stock valued at $3,490,996. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $26.54 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The business’s fifty day moving average price is $27.62 and its two-hundred day moving average price is $25.83. The stock has a market cap of $58.98 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.45 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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%. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

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.