Strategic Financial Concepts LLC Acquires New Position in Kinder Morgan, Inc. (NYSE:KMI)

Strategic Financial Concepts LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 197,730 shares of the pipeline company’s stock, valued at approximately $5,418,000.

A number of other large investors have also modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $29,000. Finally, Planning Capital Management Corp raised its position in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.07 on Monday. The firm has a market capitalization of $60.13 billion, a PE ratio of 23.13, a P/E/G ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The firm’s 50-day simple moving average is $27.89 and its 200 day simple moving average is $24.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 return on equity of 8.09% and a net margin of 17.31%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 54,000 shares of company stock valued at $1,493,100 in the last quarter. 12.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Citigroup raised 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. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Finally, Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.14.

About Kinder Morgan

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.