Wellington Shields Capital Management LLC Purchases 500 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Wellington Shields Capital Management LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,946 shares of the pipeline company’s stock after buying an additional 500 shares during the period. Wellington Shields Capital Management LLC’s holdings in Kinder Morgan were worth $382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in KMI. Assetmark Inc. raised its holdings in shares of Kinder Morgan by 50.6% in the 3rd quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock valued at $95,000 after purchasing an additional 1,450 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in Kinder Morgan by 12.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 54,865 shares of the pipeline company’s stock valued at $1,212,000 after buying an additional 5,984 shares during the period. Aptus Capital Advisors LLC raised its stake in Kinder Morgan by 8.9% in the third quarter. Aptus Capital Advisors LLC now owns 32,522 shares of the pipeline company’s stock worth $718,000 after buying an additional 2,664 shares in the last quarter. Pinnacle Financial Partners Inc lifted its holdings in Kinder Morgan by 1.6% during the third quarter. Pinnacle Financial Partners Inc now owns 65,920 shares of the pipeline company’s stock worth $1,456,000 after buying an additional 1,011 shares during the period. Finally, KBC Group NV boosted its position in Kinder Morgan by 0.5% during the 3rd quarter. KBC Group NV now owns 237,353 shares of the pipeline company’s stock valued at $5,243,000 after acquiring an additional 1,265 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.11 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a 50-day moving average of $27.60 and a two-hundred day moving average of $25.87. The stock has a market cap of $60.23 billion, a P/E ratio of 23.17, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.48 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last released 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 return on equity of 8.09% and a net margin of 17.31%. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company’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 sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 over the last 90 days. 12.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. UBS Group lifted 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, January 27th. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Finally, Royal Bank of Canada raised their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Seven 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 company. According to MarketBeat.com, the company has an average 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.