Eagle Bay Advisors LLC Buys 385 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Eagle Bay Advisors LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.0% during the fourth quarter, HoldingsChannel reports. The firm owned 5,182 shares of the pipeline company’s stock after purchasing an additional 385 shares during the period. Eagle Bay Advisors LLC’s holdings in Kinder Morgan were worth $142,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CHICAGO TRUST Co NA grew its holdings in Kinder Morgan by 20.9% during the 4th quarter. CHICAGO TRUST Co NA now owns 30,565 shares of the pipeline company’s stock worth $837,000 after acquiring an additional 5,279 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Kinder Morgan by 15.7% during the 4th quarter. Capital Investment Advisors LLC now owns 483,913 shares of the pipeline company’s stock worth $13,259,000 after acquiring an additional 65,793 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in Kinder Morgan by 105.8% during the 4th quarter. Fiduciary Alliance LLC now owns 297,755 shares of the pipeline company’s stock worth $8,158,000 after acquiring an additional 153,041 shares in the last quarter. Czech National Bank grew its holdings in Kinder Morgan by 6.5% during the 4th quarter. Czech National Bank now owns 419,075 shares of the pipeline company’s stock worth $11,483,000 after acquiring an additional 25,724 shares in the last quarter. Finally, ORG Wealth Partners LLC boosted its holdings in shares of Kinder Morgan by 7.1% in the 4th quarter. ORG Wealth Partners LLC now owns 16,674 shares of the pipeline company’s stock valued at $457,000 after buying an additional 1,099 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

Kinder Morgan stock traded up $0.29 during trading on Monday, reaching $28.45. The company had a trading volume of 3,226,386 shares, compared to its average volume of 10,553,664. The firm’s 50-day simple moving average is $27.31 and its 200 day simple moving average is $23.79. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.82. The firm has a market capitalization of $63.21 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last announced its 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the firm earned $0.25 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.04%. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KMI shares. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a report on Friday, October 18th. UBS Group raised their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Barclays raised their price target on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.67.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 745,263 shares of company stock worth $18,578,014. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Company 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.