Ibex Wealth Advisors Acquires New Shares in Kinder Morgan, Inc. (NYSE:KMI)

Ibex Wealth Advisors purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 381,016 shares of the pipeline company’s stock, valued at approximately $10,440,000. Kinder Morgan accounts for approximately 1.2% of Ibex Wealth Advisors’ portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Kinder Morgan by 11.2% in the 2nd quarter. AQR Capital Management LLC now owns 457,238 shares of the pipeline company’s stock worth $9,040,000 after acquiring an additional 45,917 shares during the last quarter. Creative Planning raised its stake in Kinder Morgan by 16.4% in the second quarter. Creative Planning now owns 391,908 shares of the pipeline company’s stock valued at $7,787,000 after purchasing an additional 55,207 shares in the last quarter. NewEdge Advisors LLC lifted its position in Kinder Morgan by 30.7% during the second quarter. NewEdge Advisors LLC now owns 291,085 shares of the pipeline company’s stock valued at $5,784,000 after purchasing an additional 68,308 shares during the last quarter. Quarry LP purchased a new position in Kinder Morgan in the 2nd quarter worth approximately $52,000. Finally, Regal Investment Advisors LLC raised its position in shares of Kinder Morgan by 10.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 145,787 shares of the pipeline company’s stock valued at $2,897,000 after buying an additional 13,628 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock traded up $0.22 during trading hours on Wednesday, reaching $27.68. 1,848,549 shares of the company traded hands, compared to its average volume of 15,956,586. The firm has a 50-day moving average price of $28.01 and a 200 day moving average price of $24.60. The company has a market cap of $61.49 billion, a P/E ratio of 23.71, a P/E/G ratio of 4.13 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.15%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Activity

In other news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,121 shares of company stock worth $1,497,000 over the last ninety days. Corporate insiders own 12.81% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research reports. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

About Kinder Morgan

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.