Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 161.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,511 shares of the pipeline company’s stock after purchasing an additional 4,019 shares during the period. Versant Capital Management Inc’s holdings in Kinder Morgan were worth $178,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC boosted its position in shares of Kinder Morgan by 11.0% during the 2nd quarter. Natixis Advisors LLC now owns 422,920 shares of the pipeline company’s stock worth $8,403,000 after purchasing an additional 41,988 shares during the period. Financial Counselors Inc. purchased a new stake in shares of Kinder Morgan in the 2nd quarter valued at $208,000. Foundations Investment Advisors LLC lifted its stake in Kinder Morgan by 76.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 27,890 shares of the pipeline company’s stock worth $554,000 after acquiring an additional 12,068 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Kinder Morgan by 129.9% during the 2nd quarter. Larson Financial Group LLC now owns 9,041 shares of the pipeline company’s stock valued at $180,000 after acquiring an additional 5,109 shares during the period. Finally, TD Asset Management Inc grew its position in Kinder Morgan by 2.3% in the 2nd quarter. TD Asset Management Inc now owns 739,694 shares of the pipeline company’s stock valued at $14,698,000 after acquiring an additional 16,811 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KMI shares. The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America began coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. Barclays upped their price target on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, UBS Group lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.25.

Kinder Morgan Price Performance

Shares of KMI opened at $28.27 on Friday. The firm has a fifty day moving average price of $26.89 and a 200 day moving average price of $23.39. The stock has a market cap of $62.81 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.07%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Insider Buying and Selling

In related news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock worth $18,578,014 in the last 90 days. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Company 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.