Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by MCF Advisors LLC

MCF Advisors LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,829 shares of the pipeline company’s stock after acquiring an additional 537 shares during the period. MCF Advisors LLC’s holdings in Kinder Morgan were worth $187,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its position in Kinder Morgan by 147.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock valued at $7,011,000 after purchasing an additional 210,341 shares in the last quarter. AE Wealth Management LLC raised its position in Kinder Morgan by 9.3% in the 2nd quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock valued at $932,000 after purchasing an additional 4,003 shares in the last quarter. Sei Investments Co. raised its position in Kinder Morgan by 14.6% in the 2nd quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock valued at $15,973,000 after purchasing an additional 102,447 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Kinder Morgan by 4.5% in the 2nd quarter. ProShare Advisors LLC now owns 540,050 shares of the pipeline company’s stock valued at $10,731,000 after acquiring an additional 23,039 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at about $2,561,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company increased their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays increased their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Stock Down 1.4 %

KMI opened at $30.79 on Thursday. The business has a 50 day simple moving average of $27.82 and a 200-day simple moving average of $24.28. The stock has a market capitalization of $68.40 billion, a P/E ratio of 27.01, a P/E/G ratio of 3.97 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 over the last quarter. Company insiders own 12.81% of the company’s stock.

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.