Altshuler Shaham Ltd Raises Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Altshuler Shaham Ltd increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 1,065.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,665 shares of the pipeline company’s stock after purchasing an additional 10,664 shares during the quarter. Altshuler Shaham Ltd’s holdings in Kinder Morgan were worth $320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KMI. MSH Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $2,504,000. NewEdge Advisors LLC raised its stake in Kinder Morgan by 3.2% in the fourth quarter. NewEdge Advisors LLC now owns 303,401 shares of the pipeline company’s stock worth $8,313,000 after buying an additional 9,475 shares in the last quarter. Resurgent Financial Advisors LLC boosted its position in Kinder Morgan by 48.3% during the 4th quarter. Resurgent Financial Advisors LLC now owns 25,982 shares of the pipeline company’s stock valued at $712,000 after acquiring an additional 8,460 shares in the last quarter. Master S Wealth Management Inc. bought a new position in shares of Kinder Morgan in the 4th quarter worth $306,000. Finally, Regal Investment Advisors LLC raised its position in shares of Kinder Morgan by 6.6% in the 4th quarter. Regal Investment Advisors LLC now owns 90,782 shares of the pipeline company’s stock worth $2,487,000 after acquiring an additional 5,586 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 over the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 1.0 %

Kinder Morgan stock opened at $26.95 on Thursday. The stock’s fifty day moving average is $26.94 and its two-hundred day moving average is $26.84. The stock has a market cap of $59.88 billion, a PE ratio of 23.03, a P/E/G ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 1-year low of $17.66 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.27%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.64.

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.