Greenline Partners LLC Buys Shares of 1,984 Kinder Morgan, Inc. (NYSE:KMI)

Greenline Partners LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,984 shares of the pipeline company’s stock, valued at approximately $54,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $917,523,000. Raymond James Financial Inc. purchased a new position in Kinder Morgan in the 4th quarter valued at approximately $157,804,000. Blackstone Inc. increased its position in shares of Kinder Morgan by 435.0% during the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company’s stock worth $119,416,000 after acquiring an additional 3,543,670 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $87,729,000. Finally, Amundi boosted its holdings in Kinder Morgan by 28.9% in the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after purchasing an additional 2,650,040 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now owns 807,652 shares of the company’s stock, valued at $23,219,995. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,503,776 in the last 90 days. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.32 on Friday. Kinder Morgan, Inc. has a 1 year low of $18.83 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a market cap of $60.71 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.08 and a beta of 0.74. The stock’s 50-day moving average is $27.02 and its two-hundred day moving average is $27.18.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.2925 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.28%. Kinder Morgan’s dividend payout ratio is 100.86%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMI. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Monday. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.79.

Kinder Morgan Company 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.