Kinder Morgan, Inc. (NYSE:KMI) Stock Position Decreased by apricus wealth LLC

apricus wealth LLC lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 194,121 shares of the pipeline company’s stock after selling 7,214 shares during the period. Kinder Morgan accounts for approximately 3.5% of apricus wealth LLC’s portfolio, making the stock its biggest holding. apricus wealth LLC’s holdings in Kinder Morgan were worth $5,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Kinder Morgan during the fourth quarter worth approximately $72,000. CX Institutional boosted its position in shares of Kinder Morgan by 2.3% during the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after acquiring an additional 354 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Kinder Morgan by 8.9% in the fourth quarter. Sound Income Strategies LLC now owns 5,420 shares of the pipeline company’s stock valued at $149,000 after purchasing an additional 444 shares during the period. McGlone Suttner Wealth Management Inc. increased its position in Kinder Morgan by 7.6% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 19,929 shares of the pipeline company’s stock worth $546,000 after purchasing an additional 1,407 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in Kinder Morgan during the fourth quarter worth about $308,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $30.23 on Friday. The firm’s fifty day simple moving average is $27.97 and its 200-day simple moving average is $24.37. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The stock has a market capitalization of $67.16 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 4.13 and a beta of 0.94. 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 announced 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 8.10%. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.80%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMI. Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday. Barclays increased their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. UBS Group increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group raised their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Bank of America began coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.92.

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 shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 in the last 90 days. 12.64% of the stock is currently owned by corporate insiders.

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.