Oakworth Capital Inc. Has $26,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Oakworth Capital Inc. reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 49.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 932 shares of the pipeline company’s stock after selling 900 shares during the quarter. Oakworth Capital Inc.’s holdings in Kinder Morgan were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Fractal Investments LLC increased its position in Kinder Morgan by 87.2% during the fourth quarter. Fractal Investments LLC now owns 1,150,468 shares of the pipeline company’s stock worth $31,523,000 after buying an additional 536,000 shares during the last quarter. Silver Oak Securities Incorporated raised its stake in Kinder Morgan by 90.5% in the 4th quarter. Silver Oak Securities Incorporated now owns 16,853 shares of the pipeline company’s stock valued at $461,000 after acquiring an additional 8,008 shares during the period. Bleakley Financial Group LLC lifted its holdings in Kinder Morgan by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 28,470 shares of the pipeline company’s stock valued at $780,000 after purchasing an additional 633 shares during the last quarter. LCM Capital Management Inc bought a new position in Kinder Morgan during the fourth quarter worth $250,000. Finally, Tectonic Advisors LLC increased its holdings in shares of Kinder Morgan by 41.9% in the fourth quarter. Tectonic Advisors LLC now owns 23,343 shares of the pipeline company’s stock valued at $640,000 after purchasing an additional 6,897 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is owned by insiders.

Analyst Ratings Changes

KMI has been the subject of several research analyst reports. Citigroup lifted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price target 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 objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Mizuho upped their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Performance

NYSE KMI opened at $26.79 on Friday. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The firm has a market capitalization of $59.51 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 3.12 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The firm’s 50 day simple moving average is $27.94 and its 200 day simple moving average is $24.86.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results 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 net margin of 17.31% and a return on equity of 8.09%. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date 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 (DPR) is currently 98.29%.

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.