Centric Wealth Management Boosts Stake in Kinder Morgan, Inc. $KMI

Centric Wealth Management increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 28.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,862 shares of the pipeline company’s stock after acquiring an additional 24,625 shares during the period. Centric Wealth Management’s holdings in Kinder Morgan were worth $2,877,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Everhart Financial Group Inc. increased its position in shares of Kinder Morgan by 50.7% in the third quarter. Everhart Financial Group Inc. now owns 12,341 shares of the pipeline company’s stock valued at $349,000 after buying an additional 4,152 shares in the last quarter. Core Wealth Partners LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at $521,000. Howard Capital Management Inc. increased its holdings in Kinder Morgan by 3.3% in the 3rd quarter. Howard Capital Management Inc. now owns 13,098 shares of the pipeline company’s stock worth $371,000 after acquiring an additional 420 shares in the last quarter. National Pension Service raised its position in Kinder Morgan by 1.8% during the third quarter. National Pension Service now owns 4,137,976 shares of the pipeline company’s stock worth $117,146,000 after acquiring an additional 72,439 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its holdings in Kinder Morgan by 4.3% during the third quarter. Cornerstone Wealth Management LLC now owns 34,746 shares of the pipeline company’s stock valued at $984,000 after purchasing an additional 1,445 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.9%

Shares of KMI stock opened at $30.50 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $30.57. The company’s 50-day moving average price is $27.57 and its 200-day moving average price is $27.29. The stock has a market cap of $67.85 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.45 and a beta of 0.69.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. Kinder Morgan’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.2925 dividend. The ex-dividend date is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the transaction, the vice president directly owned 201,204 shares in the company, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,498 shares of company stock valued at $1,107,462 over the last quarter. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on KMI shares. Scotiabank upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. UBS Group reissued a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Jefferies Financial Group lifted their price target on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. TD Cowen increased their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Friday. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.