Henson Edgewater Management LLC Takes Position in Kinder Morgan, Inc. $KMI

Henson Edgewater Management LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, Holdings Channel.com reports. The fund acquired 23,347 shares of the pipeline company’s stock, valued at approximately $642,000. Kinder Morgan makes up about 0.4% of Henson Edgewater Management LLC’s portfolio, making the stock its 20th biggest holding.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $308,000. Schnieders Capital Management LLC. grew its position in Kinder Morgan by 11.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after purchasing an additional 7,081 shares during the period. Avantax Advisory Services Inc. raised its stake in Kinder Morgan by 34.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 134,493 shares of the pipeline company’s stock valued at $3,954,000 after buying an additional 34,828 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in Kinder Morgan by 8.0% during the 2nd quarter. TRUE Private Wealth Advisors now owns 8,072 shares of the pipeline company’s stock valued at $237,000 after buying an additional 600 shares during the last quarter. Finally, Empirical Finance LLC lifted its holdings in shares of Kinder Morgan by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 68,342 shares of the pipeline company’s stock valued at $2,009,000 after buying an additional 434 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $33.42 on Friday. The business’s fifty day moving average is $31.20 and its 200 day moving average is $28.54. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $34.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The company has a market capitalization of $74.35 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 3.01 and a beta of 0.68.

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

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.5%. Kinder Morgan’s payout ratio is currently 85.40%.

Insiders Place Their Bets

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $33.30, for a total value of $51,615.00. Following the completion of the sale, the vice president directly owned 46,393 shares of the company’s stock, valued at $1,544,886.90. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 48,048 shares of company stock valued at $1,469,863. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMI. Jefferies Financial Group lifted their price objective on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Mizuho boosted their price target on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Morgan Stanley increased their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.46.

Kinder Morgan 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.