Angeles Wealth Management LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Angeles Wealth Management LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,507 shares of the pipeline company’s stock, valued at approximately $534,000.

Several other large investors have also bought and sold shares of KMI. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at approximately $29,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the 3rd quarter valued at approximately $28,000. Finally, Planning Capital Management Corp boosted its holdings in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s 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 sale, the president now directly owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 54,000 shares of company stock worth $1,493,100 over the last ninety days. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.07 on Monday. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The company has a market cap of $60.13 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.16 and a beta of 0.94. The firm has a 50 day simple moving average of $27.89 and a 200 day simple moving average of $24.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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%. Research analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho lifted their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Citigroup lifted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

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.