Wealthstreet Investment Advisors LLC bought a new position in Kinder Morgan Inc (NYSE:KMI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 53,837 shares of the pipeline company’s stock, valued at approximately $973,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Welch Investments LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth approximately $102,000. Valeo Financial Advisors LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth approximately $104,000. Sit Investment Associates Inc. boosted its holdings in shares of Kinder Morgan by 237.1% during the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 4,730 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $126,000. Finally, Goodman Financial Corp acquired a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $126,000. Institutional investors own 60.42% of the company’s stock.

In other news, Director William A. Smith purchased 5,500 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were bought at an average price of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at approximately $284,738.24. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas A. Martin purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average cost of $17.10 per share, for a total transaction of $51,300.00. The disclosure for this purchase can be found here. Company insiders own 13.99% of the company’s stock.

Several analysts recently commented on KMI shares. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Royal Bank of Canada restated a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a report on Wednesday, November 15th. Goldman Sachs Group cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating and raised their price target for the stock from $18.81 to $22.00 in a report on Tuesday, October 17th. Stifel Nicolaus decreased their price target on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Finally, Bank of America started coverage on shares of Kinder Morgan in a report on Tuesday, January 9th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $22.50.

Kinder Morgan Inc (NYSE:KMI) opened at $17.39 on Wednesday. Kinder Morgan Inc has a 52-week low of $16.56 and a 52-week high of $22.64. The company has a market cap of $38,840.00, a P/E ratio of 1,739.00, a PEG ratio of 1.17 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. sell-side analysts forecast that Kinder Morgan Inc will post 0.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Tuesday, January 30th. Kinder Morgan’s dividend payout ratio is 5,000.00%.

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About Kinder Morgan

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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