TABR Capital Management LLC Purchases Shares of 235,599 Kinder Morgan, Inc. $KMI

TABR Capital Management LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 235,599 shares of the pipeline company’s stock, valued at approximately $6,477,000. Kinder Morgan makes up approximately 2.5% of TABR Capital Management LLC’s investment portfolio, making the stock its 9th biggest position.

Several other hedge funds also recently added to or reduced their stakes in the stock. Davis Capital Management purchased a new stake in shares of Kinder Morgan in the third quarter valued at $1,426,000. Providence Capital Advisors LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth about $2,674,000. Meixler Investment Management Ltd. acquired a new stake in Kinder Morgan during the 3rd quarter worth about $1,882,000. HighTower Advisors LLC boosted its position in Kinder Morgan by 3.9% during the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock worth $34,874,000 after acquiring an additional 46,396 shares during the period. Finally, Kayne Anderson Capital Advisors LP grew its stake in Kinder Morgan by 15.6% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock valued at $352,519,000 after acquiring an additional 1,682,241 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 1.7%

KMI opened at $32.88 on Monday. The business has a 50 day moving average of $31.31 and a 200-day moving average of $28.60. The stock has a market capitalization of $73.15 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 3.03 and a beta of 0.68. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $34.24.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the transaction, the vice president directly owned 188,872 shares of the company’s stock, valued at $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,048 shares of company stock worth $1,469,863 over the last ninety days. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KMI shares. TD Cowen lifted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Morgan Stanley upped their target price on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group raised their price target on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.46.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.