Edge Capital Group LLC Decreases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Edge Capital Group LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,831 shares of the pipeline company’s stock after selling 514 shares during the period. Edge Capital Group LLC’s holdings in Kinder Morgan were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KMI. CX Institutional lifted its position in Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after purchasing an additional 354 shares during the last quarter. Sunflower Bank N.A. raised its position in shares of Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after buying an additional 367 shares in the last quarter. Ignite Planners LLC lifted its holdings in shares of Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after acquiring an additional 372 shares during the last quarter. Eagle Bay Advisors LLC increased its stake in Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock worth $142,000 after acquiring an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC raised its position in Kinder Morgan by 2.6% during the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock valued at $433,000 after purchasing an additional 400 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.2 %

Shares of NYSE KMI opened at $26.47 on Tuesday. The stock has a 50 day moving average price of $27.77 and a 200 day moving average price of $25.40. The firm has a market capitalization of $58.80 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $17.02 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KMI shares. Wells Fargo & Company lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Mizuho increased their target price 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. Barclays lifted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Scotiabank initiated coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Nine investment 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. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock worth $3,504,136. 12.64% of the stock is currently owned by corporate insiders.

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.