Financial Advocates Investment Management Sells 9,223 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Financial Advocates Investment Management trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 51.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,698 shares of the pipeline company’s stock after selling 9,223 shares during the period. Financial Advocates Investment Management’s holdings in Kinder Morgan were worth $238,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Clarius Group LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $206,000. Carnegie Investment Counsel grew its stake in shares of Kinder Morgan by 2.7% in the third quarter. Carnegie Investment Counsel now owns 633,873 shares of the pipeline company’s stock valued at $14,002,000 after buying an additional 16,649 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Kinder Morgan by 2.9% during the third quarter. Exchange Traded Concepts LLC now owns 2,068,338 shares of the pipeline company’s stock worth $45,690,000 after buying an additional 57,462 shares during the last quarter. CHICAGO TRUST Co NA lifted its stake in Kinder Morgan by 30.1% in the third quarter. CHICAGO TRUST Co NA now owns 25,286 shares of the pipeline company’s stock valued at $559,000 after acquiring an additional 5,852 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its position in shares of Kinder Morgan by 23.1% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 18,522 shares of the pipeline company’s stock valued at $409,000 after acquiring an additional 3,480 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.1 %

NYSE KMI opened at $27.07 on Monday. The company has a market cap of $60.13 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. 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 company has a 50 day moving average of $27.89 and a 200-day moving average of $24.94.

Kinder Morgan (NYSE:KMI) last released its 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 8.09%. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 54,000 shares of company stock worth $1,493,100. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays boosted their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Mizuho lifted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Nine 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. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price 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.