Hennion & Walsh Asset Management Inc. Purchases 20,224 Shares of Kinder Morgan, Inc. $KMI

Hennion & Walsh Asset Management Inc. boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 25.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,567 shares of the pipeline company’s stock after purchasing an additional 20,224 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Kinder Morgan were worth $2,710,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KMI. Board of the Pension Protection Fund bought a new position in shares of Kinder Morgan during the fourth quarter worth $27,000. Strategic Advocates LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $32,000. CoreFirst Bank & Trust bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at $35,000. Private Wealth Management Group LLC increased its position in shares of Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares in the last quarter. Finally, Westside Investment Management Inc. raised its stake in Kinder Morgan by 314.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,032 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This trade represents a 12.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the sale, the vice president owned 100,146 shares in the company, valued at $3,199,664.70. This trade represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,048 shares of company stock worth $1,469,863 in the last 90 days. Company insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. TD Cowen raised their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Stifel Nicolaus boosted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, March 13th. Finally, UBS Group reissued a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.33.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $33.45 on Wednesday. The firm has a market cap of $74.41 billion, a PE ratio of 24.41, a PEG ratio of 3.08 and a beta of 0.68. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $34.73. The company has a fifty day moving average price of $32.19 and a 200 day moving average price of $28.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.