Jaffetilchin Investment Partners LLC Has $1.01 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Jaffetilchin Investment Partners LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,009 shares of the pipeline company’s stock after buying an additional 3,053 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Kinder Morgan were worth $1,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Argent Trust Co raised its stake in shares of Kinder Morgan by 5.5% in the fourth quarter. Argent Trust Co now owns 72,463 shares of the pipeline company’s stock worth $1,985,000 after purchasing an additional 3,774 shares during the last quarter. Accredited Investors Inc. bought a new position in Kinder Morgan during the 4th quarter valued at $253,000. Treasurer of the State of North Carolina boosted its holdings in Kinder Morgan by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 852,625 shares of the pipeline company’s stock worth $23,362,000 after acquiring an additional 5,350 shares during the last quarter. Phoenix Financial Ltd. purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $477,000. Finally, TRUE Private Wealth Advisors bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $205,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several analyst reports. Mizuho increased their price objective 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. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Citigroup increased their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares in the company, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,506,116 over the last three months. 12.64% of the stock is owned by insiders.

Kinder Morgan Price Performance

KMI stock opened at $26.43 on Friday. The firm has a 50 day moving average of $26.95 and a 200-day moving average of $26.77. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $58.73 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48.

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

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend 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%.

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.