SFE Investment Counsel Sells 5,190 Shares of Kinder Morgan, Inc. (NYSE:KMI)

SFE Investment Counsel lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.1% during the fourth quarter, HoldingsChannel reports. The fund owned 79,805 shares of the pipeline company’s stock after selling 5,190 shares during the quarter. SFE Investment Counsel’s holdings in Kinder Morgan were worth $2,187,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KMI. Investment Partners Asset Management Inc. lifted its position in shares of Kinder Morgan by 3.4% during the 4th quarter. Investment Partners Asset Management Inc. now owns 34,530 shares of the pipeline company’s stock worth $946,000 after buying an additional 1,124 shares in the last quarter. G&S Capital LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $243,000. Avestar Capital LLC boosted its stake in Kinder Morgan by 8.6% in the fourth quarter. Avestar Capital LLC now owns 12,722 shares of the pipeline company’s stock valued at $349,000 after acquiring an additional 1,006 shares during the last quarter. Consolidated Planning Corp grew its holdings in Kinder Morgan by 0.5% during the fourth quarter. Consolidated Planning Corp now owns 296,148 shares of the pipeline company’s stock valued at $8,114,000 after purchasing an additional 1,564 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Kinder Morgan by 10.4% during the 4th quarter. Van ECK Associates Corp now owns 735,523 shares of the pipeline company’s stock worth $20,153,000 after acquiring an additional 69,071 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.9 %

KMI opened at $26.29 on Thursday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a 50-day simple moving average of $27.85 and a two-hundred day simple moving average of $25.05. The company has a market capitalization of $58.41 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced 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%. Analysts forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 54,000 shares of company stock worth $1,493,100. 12.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KMI shares. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays increased their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Mizuho increased their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

About Kinder Morgan

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.