Ibex Wealth Advisors Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Ibex Wealth Advisors bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 381,016 shares of the pipeline company’s stock, valued at approximately $10,440,000. Kinder Morgan accounts for approximately 1.2% of Ibex Wealth Advisors’ portfolio, making the stock its 19th biggest holding.

A number of other institutional investors have also made changes to their positions in KMI. AQR Capital Management LLC boosted its holdings in shares of Kinder Morgan by 11.2% during the second quarter. AQR Capital Management LLC now owns 457,238 shares of the pipeline company’s stock worth $9,040,000 after acquiring an additional 45,917 shares during the period. Creative Planning increased its position in Kinder Morgan by 16.4% during the 2nd quarter. Creative Planning now owns 391,908 shares of the pipeline company’s stock worth $7,787,000 after buying an additional 55,207 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Kinder Morgan by 30.7% during the second quarter. NewEdge Advisors LLC now owns 291,085 shares of the pipeline company’s stock worth $5,784,000 after buying an additional 68,308 shares in the last quarter. Quarry LP acquired a new position in shares of Kinder Morgan in the second quarter valued at about $52,000. Finally, Regal Investment Advisors LLC increased its position in Kinder Morgan by 10.3% during the second quarter. Regal Investment Advisors LLC now owns 145,787 shares of the pipeline company’s stock worth $2,897,000 after acquiring an additional 13,628 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KMI shares. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. 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. UBS Group upped their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Trading Up 0.8 %

Shares of Kinder Morgan stock traded up $0.22 on Wednesday, hitting $27.68. The stock had a trading volume of 1,848,549 shares, compared to its average volume of 15,956,586. The stock has a 50 day moving average of $28.01 and a 200 day moving average of $24.60. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The firm has a market capitalization of $61.49 billion, a P/E ratio of 23.71, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly 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 return on equity of 8.10% and a net margin of 17.31%. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now owns 879,652 shares in the company, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 55,121 shares of company stock worth $1,497,000. Company insiders own 12.81% of the company’s stock.

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.