Eagle Bay Advisors LLC Acquires 385 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Eagle Bay Advisors LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,182 shares of the pipeline company’s stock after purchasing an additional 385 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Kinder Morgan were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of KMI. American Century Companies Inc. raised its position in shares of Kinder Morgan by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company’s stock worth $6,879,000 after purchasing an additional 5,402 shares during the last quarter. Meeder Advisory Services Inc. raised its position in Kinder Morgan by 47.7% in the 2nd quarter. Meeder Advisory Services Inc. now owns 45,324 shares of the pipeline company’s stock worth $901,000 after buying an additional 14,646 shares during the last quarter. Fiduciary Group LLC raised its position in Kinder Morgan by 29.2% in the 2nd quarter. Fiduciary Group LLC now owns 15,493 shares of the pipeline company’s stock worth $308,000 after buying an additional 3,500 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in Kinder Morgan by 344.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 47,274 shares of the pipeline company’s stock worth $939,000 after buying an additional 36,640 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Kinder Morgan by 2.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 88,969 shares of the pipeline company’s stock worth $1,768,000 after buying an additional 2,356 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.29 during mid-day trading on Monday, hitting $28.45. The company had a trading volume of 3,226,386 shares, compared to its average volume of 10,553,664. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.82. The stock’s 50 day moving average price is $27.31 and its 200-day moving average price is $23.79. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The company has a market capitalization of $63.21 billion, a P/E ratio of 24.96, a P/E/G ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Analyst Ratings Changes

A number of equities analysts have weighed in on KMI shares. Royal Bank of Canada boosted their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Scotiabank assumed coverage on Kinder Morgan in a research note on Friday. They set a “sector perform” rating and a $26.00 price target for the company. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. The Goldman Sachs Group boosted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays lifted their price target on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.67.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 745,263 shares of company stock valued at $18,578,014 over the last 90 days. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.