Proficio Capital Partners LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Proficio Capital Partners LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 152,423 shares of the pipeline company’s stock, valued at approximately $4,176,000.

Several other large investors also recently added to or reduced their stakes in KMI. Cbre Investment Management Listed Real Assets LLC bought a new position in Kinder Morgan during the fourth quarter valued at $210,000. Assetmark Inc. boosted its stake in shares of Kinder Morgan by 70.4% during the 4th quarter. Assetmark Inc. now owns 7,351 shares of the pipeline company’s stock worth $201,000 after purchasing an additional 3,038 shares during the period. Cypress Capital Group grew its holdings in Kinder Morgan by 32.7% during the 4th quarter. Cypress Capital Group now owns 47,900 shares of the pipeline company’s stock valued at $1,312,000 after purchasing an additional 11,801 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Kinder Morgan by 51.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 16,437 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 5,597 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in Kinder Morgan by 3.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 203,113 shares of the pipeline company’s stock worth $5,565,000 after purchasing an additional 7,432 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group upped their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Price Performance

Shares of KMI opened at $27.77 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a 50 day moving average price of $27.59 and a 200-day moving average price of $25.98. Kinder Morgan, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $31.48. The stock has a market capitalization of $61.69 billion, a PE ratio of 23.73, a PEG ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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 4.14%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

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.