MCF Advisors LLC Increases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

MCF Advisors LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,829 shares of the pipeline company’s stock after purchasing an additional 537 shares during the period. MCF Advisors LLC’s holdings in Kinder Morgan were worth $187,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KMI. Canada Pension Plan Investment Board lifted its holdings in Kinder Morgan by 147.6% during the second quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock worth $7,011,000 after buying an additional 210,341 shares during the period. AE Wealth Management LLC lifted its holdings in Kinder Morgan by 9.3% during the second quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock worth $932,000 after buying an additional 4,003 shares during the period. Sei Investments Co. lifted its holdings in Kinder Morgan by 14.6% during the second quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock worth $15,973,000 after buying an additional 102,447 shares during the period. ProShare Advisors LLC lifted its holdings in Kinder Morgan by 4.5% during the second quarter. ProShare Advisors LLC now owns 540,050 shares of the pipeline company’s stock worth $10,731,000 after buying an additional 23,039 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in Kinder Morgan during the second quarter worth $2,561,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the company’s 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 completion of the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at approximately $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 90 days, insiders have sold 55,121 shares of company stock valued at $1,497,000. Insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Down 1.4 %

Shares of KMI opened at $30.79 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The stock’s 50 day moving average is $27.82 and its two-hundred day moving average is $24.28. The firm has a market cap of $68.40 billion, a P/E ratio of 27.01, a PEG ratio of 3.97 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Analysts predict that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.74%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. UBS Group increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. The Goldman Sachs Group increased their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Barclays increased their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $27.00.

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.