Kinder Morgan, Inc. (NYSE:KMI) is Hoertkorn Richard Charles’ 4th Largest Position

Hoertkorn Richard Charles lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 523,948 shares of the pipeline company’s stock after selling 5,446 shares during the quarter. Kinder Morgan makes up approximately 5.9% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 4th biggest position. Hoertkorn Richard Charles’ holdings in Kinder Morgan were worth $14,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KMI. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the 4th quarter worth $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $29,000. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 703 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. UBS Group increased their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Finally, Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Stock Performance

NYSE KMI opened at $28.24 on Friday. The business’s 50 day moving average price is $27.51 and its 200-day moving average price is $26.29. The company has a market cap of $62.75 billion, a P/E ratio of 24.14, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48.

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

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.07%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,490,996 in the last three months. 12.64% of the stock is owned by corporate 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.