Woodward Diversified Capital LLC Has $721,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Woodward Diversified Capital LLC lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,300 shares of the pipeline company’s stock after selling 6,870 shares during the period. Woodward Diversified Capital LLC’s holdings in Kinder Morgan were worth $721,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth $29,000. Northwest Investment Counselors LLC bought a new position in shares of Kinder Morgan in the third quarter worth $28,000. Finally, Planning Capital Management Corp lifted its position in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 54,000 shares of company stock valued at $1,493,100 over the last quarter. Insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMI. Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group boosted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Up 1.1 %

Shares of NYSE:KMI opened at $27.07 on Friday. The firm has a market cap of $60.13 billion, a P/E ratio of 23.13, a P/E/G ratio of 3.12 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48. The business has a fifty day simple moving average of $27.92 and a 200 day simple moving average of $24.88. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. Analysts predict that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

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.