Northstar Advisory Group LLC Sells 70,029 Shares of Kinder Morgan, Inc. $KMI

Northstar Advisory Group LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 79.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 18,029 shares of the pipeline company’s stock after selling 70,029 shares during the quarter. Northstar Advisory Group LLC’s holdings in Kinder Morgan were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KMI. Creative Financial Designs Inc. ADV boosted its stake in Kinder Morgan by 14.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after acquiring an additional 357 shares during the last quarter. L.M. Kohn & Company raised its holdings in Kinder Morgan by 3.4% in the second quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 360 shares during the period. Golden State Equity Partners boosted its position in shares of Kinder Morgan by 2.2% during the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after purchasing an additional 368 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in shares of Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after buying an additional 374 shares during the period. Finally, QTR Family Wealth LLC increased its position in shares of Kinder Morgan by 2.7% in the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company’s stock valued at $423,000 after buying an additional 377 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KMI has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Mizuho cut their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday. Morgan Stanley set a $35.00 target price on shares of Kinder Morgan in a report on Thursday. Finally, UBS Group reiterated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $32.07.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis acquired 3,800 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of $26.23 per share, with a total value of $99,674.00. Following the acquisition, the director owned 39,051 shares in the company, valued at $1,024,307.73. This represents a 10.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the transaction, the vice president owned 201,204 shares in the company, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,498 shares of company stock worth $1,107,462 over the last ninety days. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Down 0.9%

NYSE:KMI opened at $29.32 on Tuesday. The business has a 50 day moving average price of $27.32 and a two-hundred day moving average price of $27.23. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The company has a market cap of $65.22 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 2.40 and a beta of 0.69. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $30.18.

Kinder Morgan (NYSE:KMI) last issued 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. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the business earned $0.30 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Kinder Morgan Company 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.