Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Lifted by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 206,125 shares of the pipeline company’s stock after buying an additional 1,427 shares during the quarter. Kinder Morgan makes up approximately 3.2% of A. D. Beadell Investment Counsel Inc.’s holdings, making the stock its 6th largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Kinder Morgan were worth $3,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Kinder Morgan during the 3rd quarter valued at about $26,000. EdgeRock Capital LLC purchased a new stake in shares of Kinder Morgan in the third quarter worth about $29,000. TD Capital Management LLC purchased a new stake in shares of Kinder Morgan in the third quarter worth about $33,000. Clearstead Advisors LLC raised its holdings in Kinder Morgan by 40.7% in the 2nd quarter. Clearstead Advisors LLC now owns 2,054 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 594 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Kinder Morgan by 109.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,155 shares of the pipeline company’s stock worth $36,000 after purchasing an additional 1,125 shares during the period. 60.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $18.44, for a total value of $27,660.00. Following the completion of the transaction, the vice president now directly owns 19,719 shares in the company, valued at $363,618.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $18.44, for a total value of $27,660.00. Following the completion of the transaction, the vice president now directly owns 19,719 shares in the company, valued at $363,618.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Anthony B. Ashley sold 13,232 shares of the stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $18.14, for a total value of $240,028.48. Following the completion of the transaction, the vice president now owns 27,826 shares of the company’s stock, valued at $504,763.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,232 shares of company stock worth $294,958. Company insiders own 14.22% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.27 during midday trading on Friday, hitting $16.28. The company had a trading volume of 27,042,040 shares, compared to its average volume of 13,436,452. Kinder Morgan, Inc. has a twelve month low of $15.77 and a twelve month high of $20.20. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.55 and a quick ratio of 0.46. The stock has a market cap of $36.60 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 5.11 and a beta of 0.95. The business’s 50-day simple moving average is $17.94 and its 200-day simple moving average is $17.94.

Kinder Morgan (NYSE:KMI – Get Rating) last posted its quarterly earnings results on Wednesday, January 18th. The pipeline company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. Kinder Morgan had a return on equity of 8.26% and a net margin of 13.27%. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts predict that Kinder Morgan, Inc. will post 1.1 earnings per share for the current year.

Kinder Morgan declared that its board has initiated a share buyback plan on Wednesday, January 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the pipeline company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st were given a $0.2775 dividend. The ex-dividend date was Monday, January 30th. This represents a $1.11 annualized dividend and a yield of 6.82%. Kinder Morgan’s payout ratio is 99.11%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KMI shares. StockNews.com started coverage on Kinder Morgan in a report on Thursday. They issued a “hold” rating for the company. Citigroup began coverage on Kinder Morgan in a report on Thursday, December 8th. They set a “neutral” rating and a $19.00 target price for the company. Scotiabank began coverage on Kinder Morgan in a report on Thursday, March 2nd. They set a “sector perform” rating and a $20.00 target price for the company. Sanford C. Bernstein raised Kinder Morgan from a “market perform” rating to an “outperform” rating and increased their target price for the company from $19.00 to $22.00 in a report on Wednesday, March 1st. Finally, Morgan Stanley increased their target price on Kinder Morgan from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Monday, January 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and an average target price of $20.55.

Kinder Morgan Profile

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Kinder Morgan, Inc engages in providing pipeline transportation of natural gas services. It operates through the following business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment operates major interstate and intrastate natural gas pipelines and storage systems.