Avior Wealth Management LLC Boosts Holdings in Kinder Morgan, Inc. $KMI

Avior Wealth Management LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 148.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,547 shares of the pipeline company’s stock after buying an additional 76,152 shares during the period. Avior Wealth Management LLC’s holdings in Kinder Morgan were worth $3,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Davis Capital Management acquired a new position in Kinder Morgan during the third quarter worth approximately $1,426,000. Providence Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $2,674,000. Meixler Investment Management Ltd. purchased a new stake in shares of Kinder Morgan during the 3rd quarter valued at $1,882,000. HighTower Advisors LLC increased its holdings in shares of Kinder Morgan by 3.9% during the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock worth $34,874,000 after buying an additional 46,396 shares during the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Kinder Morgan by 12.9% during the 3rd quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock worth $24,605,000 after buying an additional 99,540 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 1.7%

Shares of KMI stock opened at $32.88 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $73.15 billion, a P/E ratio of 24.00, a P/E/G ratio of 3.08 and a beta of 0.68. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $34.24. The stock has a 50-day simple moving average of $31.31 and a 200 day simple moving average of $28.58.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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 return on equity of 9.02% and a net margin of 18.04%.The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s payout ratio is presently 85.40%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KMI. Jefferies Financial Group lifted their target price on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. TD Cowen upped their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. UBS Group reiterated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Finally, Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.46.

Insiders Place Their Bets

In other Kinder Morgan news, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the transaction, the vice president owned 100,146 shares in the company, valued at approximately $3,199,664.70. This represents a 7.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the vice president directly owned 188,872 shares in the company, valued at approximately $6,359,320.24. The trade was a 3.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,048 shares of company stock valued at $1,469,863 over the last ninety days. Insiders own 12.73% of the company’s stock.

About Kinder Morgan

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.