Royal Fund Management LLC Purchases 18,703 Shares of Kinder Morgan, Inc. $KMI

Royal Fund Management LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 136,432 shares of the pipeline company’s stock after purchasing an additional 18,703 shares during the quarter. Royal Fund Management LLC’s holdings in Kinder Morgan were worth $3,750,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock valued at $185,971,000 after purchasing an additional 5,333,986 shares in the last quarter. Merewether Investment Management LP acquired a new stake in Kinder Morgan during the second quarter worth $138,477,000. Zimmer Partners LP increased its holdings in Kinder Morgan by 177.8% in the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after buying an additional 3,885,000 shares during the period. 59 North Capital Management LP increased its holdings in Kinder Morgan by 54.5% in the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock valued at $311,563,000 after buying an additional 3,739,398 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Kinder Morgan by 364.8% in the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock valued at $122,461,000 after buying an additional 3,269,284 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. TD Cowen raised their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Scotiabank upped their price objective on Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.33.

Insider Transactions at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.30, for a total transaction of $51,615.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the sale, the vice president directly owned 188,872 shares of the company’s stock, valued at approximately $6,359,320.24. This represents a 3.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 48,048 shares of company stock worth $1,469,863. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Down 1.2%

Shares of KMI opened at $33.61 on Tuesday. 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 cap of $74.78 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.12 and a beta of 0.68. The stock has a fifty day moving average price of $32.08 and a two-hundred day moving average price of $28.90. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $34.73.

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

Kinder Morgan Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

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.