Pacifica Partners Inc. Boosts Stake in Kinder Morgan, Inc. $KMI

Pacifica Partners Inc. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,631 shares of the pipeline company’s stock after buying an additional 18,339 shares during the quarter. Kinder Morgan comprises about 1.9% of Pacifica Partners Inc.’s investment portfolio, making the stock its 19th biggest position. Pacifica Partners Inc.’s holdings in Kinder Morgan were worth $4,202,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at $308,000. Schnieders Capital Management LLC. increased its position in Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after purchasing an additional 7,081 shares in the last quarter. MAI Capital Management increased its position in Kinder Morgan by 3.1% during the 2nd quarter. MAI Capital Management now owns 114,399 shares of the pipeline company’s stock worth $3,363,000 after purchasing an additional 3,467 shares in the last quarter. Mediolanum International Funds Ltd raised its stake in Kinder Morgan by 4.5% in the 2nd quarter. Mediolanum International Funds Ltd now owns 86,755 shares of the pipeline company’s stock valued at $2,514,000 after purchasing an additional 3,751 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Kinder Morgan by 48.6% in the 2nd quarter. Franklin Resources Inc. now owns 2,140,978 shares of the pipeline company’s stock valued at $62,945,000 after purchasing an additional 700,695 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KMI shares. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. TD Cowen upped their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Scotiabank boosted their price target on Kinder Morgan from $30.00 to $31.00 and gave the company a “sector perform” rating in a report on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.46.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total value of $207,609.22. Following the transaction, the vice president owned 188,872 shares in the company, valued at $6,359,320.24. This trade represents a 3.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $33.30, for a total value of $51,615.00. Following the sale, the vice president owned 46,393 shares of the company’s stock, valued at approximately $1,544,886.90. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,048 shares of company stock worth $1,469,863 over the last 90 days. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Down 1.7%

KMI opened at $32.88 on Monday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $34.24. The business has a 50-day moving average of $31.31 and a two-hundred day moving average of $28.60. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The stock has a market capitalization of $73.15 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 3.03 and a beta of 0.68.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the firm posted $0.30 EPS. The company’s revenue was up 13.1% on a year-over-year basis. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.