Goelzer Investment Management Inc. Takes $1.51 Million Position in Kinder Morgan, Inc. $KMI

Goelzer Investment Management Inc. purchased a new position in Kinder Morgan, Inc. (NYSE:KMIFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,007 shares of the pipeline company’s stock, valued at approximately $1,512,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Golden State Equity Partners grew its position in Kinder Morgan by 2.2% in the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after acquiring an additional 368 shares during the last quarter. Fiduciary Financial Group LLC increased its stake in Kinder Morgan by 2.6% in the third quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock worth $437,000 after purchasing an additional 392 shares during the period. MBM Wealth Consultants LLC lifted its position in shares of Kinder Morgan by 2.8% during the second quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock worth $425,000 after purchasing an additional 393 shares during the last quarter. L2 Asset Management LLC boosted its stake in shares of Kinder Morgan by 4.8% during the second quarter. L2 Asset Management LLC now owns 8,689 shares of the pipeline company’s stock valued at $255,000 after purchasing an additional 401 shares during the period. Finally, Tradewinds Capital Management LLC boosted its stake in shares of Kinder Morgan by 11.1% during the third quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company’s stock valued at $114,000 after purchasing an additional 401 shares during the period. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In related news, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’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 sale, the vice president directly owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 48,048 shares of company stock worth $1,469,863. 12.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on KMI. Mizuho raised their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Jefferies Financial Group boosted their price objective on shares of Kinder Morgan from $31.00 to $36.00 and gave the company a “hold” rating in a research report on Tuesday, March 24th. Morgan Stanley raised their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Scotiabank lifted their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Royal Bank Of Canada boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.21.

View Our Latest Analysis on KMI

Kinder Morgan Trading Up 0.0%

NYSE:KMI opened at $34.05 on Monday. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $34.73. 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 firm has a market cap of $75.74 billion, a P/E ratio of 24.85, a P/E/G ratio of 3.12 and a beta of 0.68. The firm has a 50-day simple moving average of $31.97 and a 200-day simple moving average of $28.86.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Key Headlines Impacting Kinder Morgan

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About Kinder Morgan

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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