TABR Capital Management LLC Takes $6.48 Million Position in Kinder Morgan, Inc. $KMI

TABR Capital Management LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 235,599 shares of the pipeline company’s stock, valued at approximately $6,477,000. Kinder Morgan accounts for 1.7% of TABR Capital Management LLC’s holdings, making the stock its 14th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC raised its position in shares of Kinder Morgan by 4.5% during the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock worth $217,000 after purchasing an additional 340 shares during the period. Golden State Equity Partners grew its position in Kinder Morgan by 2.2% in the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after purchasing an additional 368 shares during the period. Red Door Wealth Management LLC increased its stake in Kinder Morgan by 2.2% during the 4th quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company’s stock valued at $489,000 after purchasing an additional 389 shares in the last quarter. Tradewinds Capital Management LLC raised its holdings in Kinder Morgan by 11.1% during the third quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company’s stock worth $114,000 after buying an additional 401 shares during the last quarter. Finally, Ascent Group LLC raised its holdings in Kinder Morgan by 3.5% during the third quarter. Ascent Group LLC now owns 11,935 shares of the pipeline company’s stock worth $338,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KMI. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Wells Fargo & Company lifted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Barclays restated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.33.

Kinder Morgan Stock Down 1.0%

KMI opened at $31.63 on Wednesday. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.73. The firm has a market capitalization of $70.38 billion, a P/E ratio of 23.09, a PEG ratio of 2.90 and a beta of 0.64. The company’s 50-day moving average is $32.92 and its 200 day moving average is $29.43. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Research analysts expect that Kinder Morgan, Inc. will post 1.4 earnings per share for the current fiscal year.

Insider Transactions at Kinder Morgan

In other news, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value 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 $4,182,840. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, April 6th. The stock was sold at an average price of $32.93, for a total value of $203,046.38. Following the sale, the vice president owned 182,706 shares in the company, valued at $6,016,508.58. This trade represents a 3.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 49,598 shares of company stock worth $1,552,572. 12.72% of the stock is owned by insiders.

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.