Prime Capital Investment Advisors LLC Boosts Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Prime Capital boosted its stake in Kinder Morgan by 43.7% in Q4, increasing to 106,569 shares worth about $2.93 million.
• Insiders have been net sellers recently — 48,048 shares were sold in the last 90 days (about $1.503 million), and insiders now own 12.73% of the stock.
• Kinder Morgan beat quarterly estimates (EPS $0.39 vs. $0.37; revenue $4.51B vs. $4.33B), and pays a quarterly dividend of $0.2925 (annualized $1.17) for a 3.6% yield with an 85.4% payout ratio.

Prime Capital Investment Advisors LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 43.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,569 shares of the pipeline company's stock after acquiring an additional 32,396 shares during the period. Prime Capital Investment Advisors LLC's holdings in Kinder Morgan were worth $2,930,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KMI. Board of the Pension Protection Fund purchased a new stake in Kinder Morgan in the 4th quarter valued at approximately $27,000. Dorato Capital Management acquired a new stake in Kinder Morgan during the 4th quarter valued at $30,000. Strategic Advocates LLC purchased a new position in Kinder Morgan during the third quarter worth $32,000. Lodestone Wealth Management LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth $33,000. Finally, Private Wealth Management Group LLC raised its holdings in shares of Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company's stock worth $35,000 after acquiring an additional 595 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Michael P. Garthwaite sold 1,550 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $33.30, for a total transaction of $51,615.00. Following the completion of the sale, the vice president owned 46,393 shares in the company, valued at approximately $1,544,886.90. The trade was a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 139,428 shares of the company's stock, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 48,048 shares of company stock worth $1,503,406. 12.73% of the stock is owned by insiders.

Kinder Morgan Stock Down 0.8%

Shares of KMI opened at $32.71 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $34.73. The company's fifty day moving average is $32.72 and its two-hundred day moving average is $29.23. The firm has a market cap of $72.77 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 3.01 and a beta of 0.64. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current 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 $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, February 2nd. Kinder Morgan's dividend payout ratio (DPR) is 85.40%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, March 13th. Freedom Capital raised shares of Kinder Morgan from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 28th. Barclays restated an "overweight" rating on shares of Kinder Morgan in a report on Friday, February 20th. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a "hold" rating in a report on Friday, March 13th. Finally, TD Cowen boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $34.33.

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.

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