Courier Capital LLC Has $2.51 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Courier Capital LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 26.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 91,509 shares of the pipeline company’s stock after selling 33,596 shares during the quarter. Courier Capital LLC’s holdings in Kinder Morgan were worth $2,507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Modus Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the 3rd quarter worth $28,000. HWG Holdings LP bought a new position in Kinder Morgan in the 2nd quarter valued at $30,000. Planning Capital Management Corp increased its stake in shares of 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 buying an additional 797 shares during the period. Finally, HM Payson & Co. raised its position in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on KMI shares. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday. They issued a “sector perform” rating and a $26.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. UBS Group lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $26.67.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 745,263 shares of company stock valued at $18,578,014 over the last ninety days. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded up $0.36 during trading on Monday, reaching $28.52. The company’s stock had a trading volume of 12,011,108 shares, compared to its average volume of 11,841,540. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.82. The business’s 50-day moving average price is $27.31 and its 200-day moving average price is $23.79. The firm has a market cap of $63.36 billion, a PE ratio of 25.02, a P/E/G ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. Equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.03%. Kinder Morgan’s payout ratio is currently 100.88%.

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.