ORG Partners LLC Acquires 4,619 Shares of Kinder Morgan, Inc. (NYSE:KMI)

ORG Partners LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 119.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,488 shares of the pipeline company’s stock after acquiring an additional 4,619 shares during the period. ORG Partners LLC’s holdings in Kinder Morgan were worth $233,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after buying an additional 29,861 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Kinder Morgan by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after acquiring an additional 776 shares during the last quarter. Principal Financial Group Inc. increased its stake in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after purchasing an additional 71,984 shares in the last quarter. Czech National Bank raised its holdings in Kinder Morgan by 6.9% in the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after purchasing an additional 25,406 shares during the period. Finally, Valley National Advisers Inc. boosted its position in shares of Kinder Morgan by 1,512.7% during the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock worth $1,956,000 after purchasing an additional 83,090 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 745,263 shares of company stock valued at $18,578,014 in the last quarter. Company insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday. They set a “sector perform” rating and a $26.00 price target on the stock. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research report on Friday, October 18th. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.67.

Kinder Morgan Trading Down 0.3 %

Kinder Morgan stock opened at $28.20 on Friday. 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 firm has a 50-day moving average of $27.31 and a 200-day moving average of $23.76. The company has a market cap of $62.65 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $28.82.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

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.