Modera Wealth Management LLC Buys 1,038 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Modera Wealth Management LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 56,233 shares of the pipeline company’s stock after acquiring an additional 1,038 shares during the period. Modera Wealth Management LLC’s holdings in Kinder Morgan were worth $1,541,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Stephens Inc. AR grew its stake in shares of Kinder Morgan by 3.0% in the third quarter. Stephens Inc. AR now owns 144,268 shares of the pipeline company’s stock valued at $3,187,000 after buying an additional 4,253 shares in the last quarter. Gladstone Institutional Advisory LLC raised its position in Kinder Morgan by 9.6% during the third quarter. Gladstone Institutional Advisory LLC now owns 15,281 shares of the pipeline company’s stock worth $338,000 after acquiring an additional 1,337 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Kinder Morgan by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 25,849 shares of the pipeline company’s stock valued at $571,000 after acquiring an additional 5,043 shares during the period. Pure Financial Advisors LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth about $301,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Kinder Morgan by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,531,624 shares of the pipeline company’s stock valued at $33,834,000 after purchasing an additional 17,343 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KMI shares. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Monday. Royal Bank of Canada boosted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday. The Goldman Sachs Group raised their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Citigroup raised their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $29.21.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $27.13 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $60.28 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $17.42 and a twelve month high of $31.48. The company has a 50-day simple moving average of $27.77 and a two-hundred day simple moving average of $25.60.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results 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 net margin of 17.31% and a return on equity of 8.09%. Analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.24%. Kinder Morgan’s payout ratio is 98.29%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on 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 completion of the transaction, the vice president now 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 three months, insiders have sold 129,461 shares of company stock valued at $3,504,136. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan 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.