Arbor Capital Management Inc. ADV Cuts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Arbor Capital Management Inc. ADV lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,519 shares of the pipeline company’s stock after selling 17,759 shares during the period. Kinder Morgan makes up 2.1% of Arbor Capital Management Inc. ADV’s holdings, making the stock its 9th largest position. Arbor Capital Management Inc. ADV’s holdings in Kinder Morgan were worth $2,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its stake in shares of Kinder Morgan by 111.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,440 shares of the pipeline company’s stock worth $149,000 after buying an additional 2,864 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Kinder Morgan by 3.4% in the 4th quarter. Harbour Investments Inc. now owns 23,845 shares of the pipeline company’s stock worth $653,000 after buying an additional 794 shares in the last quarter. one8zero8 LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth $2,230,000. Natixis Advisors LLC raised its stake in shares of Kinder Morgan by 16.8% in the 4th quarter. Natixis Advisors LLC now owns 738,280 shares of the pipeline company’s stock worth $20,229,000 after buying an additional 106,379 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its stake in shares of Kinder Morgan by 2.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 48,565 shares of the pipeline company’s stock worth $1,331,000 after buying an additional 953 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction dated 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. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,490,996 over the last quarter. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $27.11 on Monday. The business’s 50-day moving average price is $27.60 and its two-hundred day moving average price is $25.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a one year low of $17.52 and a one year high of $31.48. The company has a market capitalization of $60.23 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.24%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Royal Bank of Canada boosted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Citigroup boosted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Mizuho boosted their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, 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 report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.64.

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.