Geneos Wealth Management Inc. Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Geneos Wealth Management Inc. lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 184,984 shares of the pipeline company’s stock after purchasing an additional 4,862 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Kinder Morgan were worth $5,069,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barclays PLC increased its holdings in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares in the last quarter. National Bank of Canada FI raised its holdings in Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC boosted its position in Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after purchasing an additional 2,053,612 shares in the last quarter. Retirement Systems of Alabama grew its holdings in Kinder Morgan by 295.2% in the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after purchasing an additional 1,257,428 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Kinder Morgan by 30.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock worth $88,534,000 after buying an additional 932,469 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock valued at $1,497,000 over the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.8 %

Shares of NYSE KMI opened at $30.23 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $67.16 billion, a PE ratio of 25.84, a P/E/G ratio of 4.13 and a beta of 0.94. The firm has a fifty day moving average of $28.03 and a 200-day moving average of $24.44. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 3.80%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analysts Set New Price Targets

Several equities analysts have weighed in on KMI shares. Bank of America assumed coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. UBS Group upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday. Finally, Barclays boosted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.92.

About Kinder Morgan

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.