Blake Schutter Theil Wealth Advisors LLC Has $242,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Blake Schutter Theil Wealth Advisors LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,821 shares of the pipeline company’s stock after selling 788 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in Kinder Morgan were worth $242,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Graypoint LLC raised its stake in Kinder Morgan by 28.0% in the 3rd quarter. Graypoint LLC now owns 25,447 shares of the pipeline company’s stock worth $562,000 after purchasing an additional 5,561 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Kinder Morgan in the third quarter valued at approximately $43,000. Hollencrest Capital Management grew its position in Kinder Morgan by 62.7% during the third quarter. Hollencrest Capital Management now owns 2,807 shares of the pipeline company’s stock worth $62,000 after buying an additional 1,082 shares in the last quarter. Finally, Leavell Investment Management Inc. bought a new position in Kinder Morgan during the 3rd quarter worth $310,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $26.14 on Friday. The stock has a 50-day moving average price of $27.71 and a two-hundred day moving average price of $25.72. Kinder Morgan, Inc. has a 12 month low of $17.45 and a 12 month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $58.09 billion, a PE ratio of 22.35, a P/E/G 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%. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.40%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Wall Street Analyst Weigh In

KMI has been the topic of several analyst reports. Citigroup increased their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group lifted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $29.64.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 of the company’s stock, valued at $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently owned by company insiders.

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.