WBI Investments LLC Invests $722,000 in Kinder Morgan, Inc. $KMI

WBI Investments LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,495 shares of the pipeline company’s stock, valued at approximately $722,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth about $35,000. Private Wealth Management Group LLC boosted its holdings in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after acquiring an additional 595 shares during the period. Westside Investment Management Inc. grew its position in shares of Kinder Morgan by 314.6% in the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,032 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Kinder Morgan during the 2nd quarter worth approximately $40,000. Finally, JPL Wealth Management LLC bought a new stake in Kinder Morgan in the 3rd quarter valued at $40,000. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KMI shares. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. UBS Group reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a report on Friday, December 12th. Jefferies Financial Group increased their target price on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Finally, Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $33.46.

Kinder Morgan Stock Performance

NYSE:KMI opened at $32.63 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $72.59 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 3.07 and a beta of 0.68. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $34.24. The stock’s 50-day simple moving average is $31.08 and its 200 day simple moving average is $28.50.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Insider Transactions at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.30, for a total value of $51,615.00. Following the completion of the transaction, the vice president owned 46,393 shares of the company’s stock, valued at $1,544,886.90. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 48,048 shares of company stock valued at $1,469,863. Corporate insiders own 12.73% of the company’s stock.

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.