Doliver Advisors LP Has $920,000 Stock Position in Kinder Morgan, Inc. $KMI

Doliver Advisors LP raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 141.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,451 shares of the pipeline company’s stock after buying an additional 19,586 shares during the quarter. Doliver Advisors LP’s holdings in Kinder Morgan were worth $920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $27,000. GoalVest Advisory LLC bought a new position in Kinder Morgan during the fourth quarter valued at about $39,000. GAMMA Investing LLC raised its holdings in Kinder Morgan by 2.3% in the 4th quarter. GAMMA Investing LLC now owns 41,310 shares of the pipeline company’s stock valued at $1,136,000 after acquiring an additional 936 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Kinder Morgan in the 3rd quarter worth approximately $103,000. Finally, AIA Group Ltd lifted its position in shares of Kinder Morgan by 16.1% in the 3rd quarter. AIA Group Ltd now owns 41,842 shares of the pipeline company’s stock worth $1,185,000 after acquiring an additional 5,806 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the sale, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. This represents a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William A. Smith purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average cost of $29.75 per share, with a total value of $89,250.00. Following the completion of the acquisition, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 48,048 shares of company stock valued at $1,469,863. Insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. UBS Group restated a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research note on Friday, December 12th. Morgan Stanley lifted their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. TD Cowen upped their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus increased their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, March 13th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.46.

Kinder Morgan Stock Up 2.5%

Shares of NYSE KMI opened at $33.42 on Friday. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $34.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The business has a fifty day moving average of $31.20 and a two-hundred day moving average of $28.54. The stock has a market cap of $74.35 billion, a PE ratio of 24.39, a PEG ratio of 3.01 and a beta of 0.68.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

About Kinder Morgan

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.