Avior Wealth Management LLC Buys 76,152 Shares of Kinder Morgan, Inc. $KMI

Avior Wealth Management LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 148.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 127,547 shares of the pipeline company’s stock after buying an additional 76,152 shares during the period. Avior Wealth Management LLC’s holdings in Kinder Morgan were worth $3,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Henson Edgewater Management LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $642,000. Doliver Advisors LP raised its stake in shares of Kinder Morgan by 141.3% in the fourth quarter. Doliver Advisors LP now owns 33,451 shares of the pipeline company’s stock valued at $920,000 after acquiring an additional 19,586 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. GoalVest Advisory LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $39,000. Finally, GAMMA Investing LLC grew its position in Kinder Morgan by 2.3% during the 4th quarter. GAMMA Investing LLC now owns 41,310 shares of the pipeline company’s stock worth $1,136,000 after acquiring an additional 936 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In related news, Director William A. Smith acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the acquisition, the director owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This represents a 10.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the sale, the vice president owned 188,872 shares in the company, valued at $6,359,320.24. This represents a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 48,048 shares of company stock valued at $1,469,863. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Down 1.7%

Shares of KMI opened at $32.88 on Friday. The company has a market capitalization of $73.15 billion, a PE ratio of 24.00, a PEG ratio of 3.08 and a beta of 0.68. The stock’s 50-day moving average price is $31.31 and its two-hundred day moving average price is $28.58. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $34.24.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Scotiabank lifted their price objective on Kinder Morgan from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.46.

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.