Gilbert & Cook Inc. Buys 533 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Gilbert & Cook Inc. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,988 shares of the pipeline company’s stock after purchasing an additional 533 shares during the period. Gilbert & Cook Inc.’s holdings in Kinder Morgan were worth $822,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Crews Bank & Trust bought a new stake in Kinder Morgan during the fourth quarter valued at about $651,000. OLD National Bancorp IN grew its holdings in Kinder Morgan by 10.2% in the 4th quarter. OLD National Bancorp IN now owns 418,260 shares of the pipeline company’s stock valued at $11,460,000 after buying an additional 38,869 shares during the last quarter. Milestone Asset Management LLC bought a new position in Kinder Morgan in the 4th quarter worth approximately $883,000. USAdvisors Wealth Management LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth approximately $226,000. Finally, Ibex Wealth Advisors bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $10,440,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 2.0 %

Shares of NYSE:KMI traded up $0.55 during trading on Thursday, hitting $27.85. 903,406 shares of the company’s stock traded hands, compared to its average volume of 15,873,884. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $28.00 and a 200-day moving average price of $24.62. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a market cap of $61.87 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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 17.31% and a return on equity of 8.10%. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.27 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly 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. Over the last quarter, insiders have sold 55,121 shares of company stock valued at $1,497,000. 12.64% of the stock is owned by insiders.

Analysts Set New Price Targets

KMI has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Company 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.