Northstar Advisory Group LLC Grows Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Northstar Advisory Group LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.6% during the fourth quarter, HoldingsChannel reports. The firm owned 31,359 shares of the pipeline company’s stock after purchasing an additional 805 shares during the period. Northstar Advisory Group LLC’s holdings in Kinder Morgan were worth $859,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in KMI. Modus Advisors LLC bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan during the 3rd quarter worth $28,000. HWG Holdings LP bought a new stake in Kinder Morgan during the 2nd quarter valued at $30,000. Planning Capital Management Corp grew its position in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares in the last quarter. Finally, HM Payson & Co. increased its stake 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 valued at $32,000 after buying an additional 1,145 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMI. Barclays raised their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research report on Friday, October 18th. UBS Group upped 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. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Scotiabank started coverage on shares of Kinder Morgan in a report on Friday. They issued a “sector perform” rating and a $26.00 price target on the stock. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.67.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.36 during trading hours on Monday, hitting $28.52. 11,933,861 shares of the company were exchanged, compared to its average volume of 11,841,540. The company’s 50 day moving average price is $27.31 and its 200-day moving average price is $23.79. The stock has a market capitalization of $63.36 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. As a group, research 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 declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,241 shares of the 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 transaction, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on 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 transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 745,263 shares of company stock worth $18,578,014. Company insiders own 12.64% of the company’s stock.

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.