Wellington Shields & Co. LLC Sells 3,725 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Wellington Shields & Co. LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,129 shares of the pipeline company’s stock after selling 3,725 shares during the quarter. Kinder Morgan makes up about 0.8% of Wellington Shields & Co. LLC’s investment portfolio, making the stock its 27th largest holding. Wellington Shields & Co. LLC’s holdings in Kinder Morgan were worth $2,470,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at $29,000. Finally, SRS Capital Advisors Inc. raised its stake in Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This represents a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,490,996 in the last three months. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KMI. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho upped their price target 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 raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Finally, Citigroup increased their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Trading Up 2.1 %

KMI stock opened at $27.11 on Friday. The company has a market capitalization of $60.23 billion, a PE ratio of 23.17, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.48 and a 12 month high of $31.48. The firm’s 50-day moving average is $27.60 and its 200 day moving average is $25.87. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS 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 issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.24%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

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.