J.W. Cole Advisors Inc. Has $893,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

J.W. Cole Advisors Inc. boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 38.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,593 shares of the pipeline company’s stock after purchasing an additional 9,090 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Kinder Morgan were worth $893,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $202,000. Allworth Financial LP increased its holdings in Kinder Morgan by 78.6% during the 4th quarter. Allworth Financial LP now owns 68,485 shares of the pipeline company’s stock worth $1,876,000 after purchasing an additional 30,131 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Kinder Morgan by 9.7% in the fourth quarter. Principal Securities Inc. now owns 16,420 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 1,447 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $81,000. Finally, BXM Wealth LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $532,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Mizuho raised their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley lifted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Price Performance

KMI opened at $26.77 on Wednesday. The company has a market capitalization of $59.48 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 3.16 and a beta of 0.94. 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 moving average price of $27.79 and a 200-day moving average price of $25.19. Kinder Morgan, Inc. has a twelve month low of $17.00 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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%. Equities analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.30%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 54,000 shares of company stock worth $1,493,100 over the last ninety days. 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.