Sterling Investment Advisors Ltd. acquires 8,813 shares of Kinder Morgan, Inc. (NYSE:KMI)

Financial Advisors

Sterling Investment Advisors Ltd. increased its stake in Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 2.1% in the fourth quarter, according to its latest Form 13F filed with the U.S. Securities and Exchange Commission. The company owned 424,350 shares of the pipeline company after purchasing an additional 8,813 shares during this period. Kinder Morgan holds his 2.7% stake in Sterling Investment Advisors Ltd., making it the fifth largest position. Kinder Morgan’s holdings of Sterling Investment Advisors Ltd. were valued at $7,672,000 as of the latest filing with the SEC.

A number of other institutional investors have also recently changed positions at KMI. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinder Morgan worth approximately $25,000 in the fourth quarter. VitalStone Financial LLC acquired a new position worth his $26,000 at Kinder Morgan in the fourth quarter. TD Capital Management LLC acquired a new position worth $33,000 in Kinder Morgan in the third quarter. MADDEN SECURITIES Corp won a new position worth $36,000 in Kinder Morgan in the fourth quarter. Finally, Independence Bank of Kentucky raised Kinder’s stake in Morgan by 305.9% in the fourth quarter. Independence Bank of Kentucky now owns 2,123 shares of the pipeline company, worth $38,000, after purchasing an additional 1,600 shares of him during the last quarter. 60.48% of the shares are owned by institutional investors and hedge funds.

Wall Street analyst opinion

Many research firms comment on KMI. Sanford C. Bernstein raised Kinder’s Morgan from a “market his perform” rating to an “outperform” rating in a research report on Wednesday, March 1, setting the company’s target price at his $19.00. from he raised to $22.00. Barclays lowered Kinder Morgan’s target price to $20.00 from his $21.00 in a research report on Tuesday, April 18. began covering Kinder Morgan with a report on Thursday, March 16th. They issued a “Hold” rating on the stock. Scotiabank began coverage of Kinder Morgan in a report on Thursday, March 2nd. They issued a “sector perform” rating and a price target of $20.00. Finally, Morgan Stanley raised his Kinder Morgan price target from $20.00 to $21.00, giving the company an “underweight” rating in a report on Monday, Jan. 9. One of his investment analysts gave it a sell rating, seven gave it a hold rating, and two gave it a buy rating. According to, the company’s current average rating is ‘hold’ with a consensus price target of $20.56.

Kinder Morgan Stock Performance

NYSE KMI shares fell $0.12 during Friday’s trading hours to reach $17.20. The stock traded at 4,413,838 shares with an average turnover of 12,536,805 shares. The company has a 50-day moving average of $17.30 and a 200-day moving average of $17.88. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt to equity ratio of 0.91. The company has a market capitalization of $38.55 billion, a price/earnings ratio of 15.33, a PEG ratio of 5.30 and a beta of 0.94. Kinder Morgan, Inc.’s 52-week low is $15.77 and his 52-week high is $20.20.

Kinder Morgan (NYSE:KMI – Get Rating) last released quarterly earnings data on Wednesday, April 19. The pipeline company reported his EPS of $0.30 for the quarter, beating the consensus estimate of $0.29 by $0.01. The company’s revenue for the quarter was $3.89 billion, compared to consensus expectations of $4.75 billion. Kinder Morgan had a return on equity of 8.06% and a net profit margin of 13.62%. The company’s revenue fell 9.4% compared to the same quarter last year. Earnings for the same business were $0.32 in the year-ago quarter. Equity research analysts expect Kinder Morgan, Inc. to post earnings per share of 1.08 this year.

Kinder Morgan increases dividend

The company recently announced a quarterly dividend payable on Monday, May 15th. Shareholders of record on Monday, May 1 will be paid a dividend of $0.2825 per share. This represents his $1.13 dividend and his 6.57% dividend yield on an annual basis. This is up from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, April 28. Kinder Morgan’s payout ratio is 98.23%.

Kinder Morgan announced that the company’s board of directors approved a stock repurchase plan authorizing the repurchase of $1 billion of outstanding shares on Wednesday, January 18. The repurchase authorization allows pipeline companies to reacquire up to 2.4% of their stake through open market purchases. A share buyback plan typically indicates that a company’s board believes its stock is undervalued.

Kinder Morgan Insider Trading

In separate news, VP Anthony B. Ashley sold 13,232 shares in a transaction that took place on Wednesday, February 15th. The shares sold for an average of $18.14, and the total trading value he had was $240,028.48. Following the closing of the transaction, Vice President now directly owns 27,826 shares of the Company’s stock valued at approximately $504,763.64. The sale was disclosed in documents filed with the SEC, which can be accessed at this link. A company insider owns his 12.64% of the company’s shares.

About Kinder Morgan

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Kinder Morgan, Inc. provides pipeline transportation for natural gas services. It operates through its Natural Gas Pipelines, Product Pipelines, Terminals and CO2 business segments. The Natural Gas Pipelines segment operates major interstate and intrastate natural gas pipelines and storage systems.

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