McGlone Suttner Wealth Management Inc. Increases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

McGlone Suttner Wealth Management Inc. grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,929 shares of the pipeline company’s stock after buying an additional 1,407 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Kinder Morgan were worth $546,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Duquesne Family Office LLC increased its stake in Kinder Morgan by 74.0% in the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after acquiring an additional 2,872,665 shares during the last quarter. Barclays PLC increased its position in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after buying an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC lifted its position in Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after buying an additional 2,053,612 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Kinder Morgan by 295.2% in the 3rd quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after purchasing an additional 1,257,428 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $30.50 on Friday. The firm has a 50-day moving average of $27.90 and a 200 day moving average of $24.32. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The company has a market cap of $67.77 billion, a P/E ratio of 26.07, a PEG ratio of 4.13 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Analyst Ratings Changes

Several research firms have weighed in on KMI. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday. Bank of America began coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Barclays increased their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.92.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 55,121 shares of company stock valued at $1,497,000. Corporate insiders own 12.64% of the company’s stock.

About Kinder Morgan

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.