Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Mather Group LLC.

Mather Group LLC. increased its holdings in Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 19.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 20,394 shares of the pipeline company’s stock after buying an additional 3,249 shares during the period. Mather Group LLC.’s holdings in Kinder Morgan were worth $339,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA boosted its holdings in shares of Kinder Morgan by 4.3% in the 3rd quarter. Private Trust Co. NA now owns 24,869 shares of the pipeline company’s stock valued at $414,000 after buying an additional 1,026 shares during the period. WealthTrust Axiom LLC lifted its position in Kinder Morgan by 2.0% in the 3rd quarter. WealthTrust Axiom LLC now owns 525,751 shares of the pipeline company’s stock valued at $8,748,000 after purchasing an additional 10,308 shares during the last quarter. Clarius Group LLC lifted its position in Kinder Morgan by 5.4% in the 2nd quarter. Clarius Group LLC now owns 12,257 shares of the pipeline company’s stock valued at $205,000 after purchasing an additional 632 shares during the last quarter. Seaport Global Advisors LLC lifted its position in Kinder Morgan by 44.7% in the 2nd quarter. Seaport Global Advisors LLC now owns 13,180 shares of the pipeline company’s stock valued at $221,000 after purchasing an additional 4,071 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in Kinder Morgan by 15.7% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 101,442 shares of the pipeline company’s stock valued at $1,688,000 after purchasing an additional 13,765 shares during the last quarter. 60.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $18.44, for a total value of $27,660.00. Following the transaction, the vice president now directly owns 19,719 shares of the company’s stock, valued at $363,618.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $18.44, for a total value of $27,660.00. Following the transaction, the vice president now directly owns 19,719 shares of the company’s stock, valued at $363,618.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Anthony B. Ashley sold 13,232 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $18.14, for a total transaction of $240,028.48. Following the completion of the transaction, the vice president now directly owns 27,826 shares in the company, valued at $504,763.64. The disclosure for this sale can be found here. Insiders have sold a total of 16,232 shares of company stock valued at $294,958 over the last ninety days. Corporate insiders own 12.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Kinder Morgan in a research report on Thursday, December 8th. They issued a “neutral” rating and a $19.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Monday, January 9th. Sanford C. Bernstein upgraded shares of Kinder Morgan from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, March 1st. Barclays lifted their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 18th. Finally, Scotiabank started coverage on shares of Kinder Morgan in a research report on Thursday, March 2nd. They set a “sector perform” rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.55.

Kinder Morgan Stock Up 0.5 %

NYSE KMI opened at $16.94 on Wednesday. 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 company’s 50 day simple moving average is $18.05 and its 200 day simple moving average is $17.98. Kinder Morgan, Inc. has a 12 month low of $15.77 and a 12 month high of $20.20. The company has a market capitalization of $38.08 billion, a P/E ratio of 15.13, a PEG ratio of 5.06 and a beta of 0.95.

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

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st were issued a $0.2775 dividend. The ex-dividend date was Monday, January 30th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.55%. Kinder Morgan’s payout ratio is currently 99.11%.

Kinder Morgan Company 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.