Baxter Bros Inc. Purchases 21,840 Shares of Kinder Morgan, Inc. $KMI

Baxter Bros Inc. grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 25.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,211 shares of the pipeline company’s stock after purchasing an additional 21,840 shares during the period. Baxter Bros Inc.’s holdings in Kinder Morgan were worth $2,975,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Board of the Pension Protection Fund purchased a new position in Kinder Morgan during the fourth quarter worth about $27,000. Dorato Capital Management purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at about $30,000. Strategic Advocates LLC purchased a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $32,000. Lodestone Wealth Management LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $33,000. Finally, Private Wealth Management Group LLC grew its holdings in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.4%

KMI stock opened at $31.81 on Friday. The company has a market capitalization of $70.78 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. Kinder Morgan, Inc. has a one year low of $25.42 and a one year high of $34.73. The company’s 50 day moving average price is $32.86 and its two-hundred day moving average price is $29.34.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $32.93, for a total value of $203,046.38. Following the transaction, the vice president owned 182,706 shares in the company, valued at approximately $6,016,508.58. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Anthony B. Ashley sold 8,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the sale, the vice president owned 100,146 shares of the company’s stock, valued at $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 48,048 shares of company stock valued at $1,503,406. 12.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research analyst reports. Mizuho upped their price objective 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. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Jefferies Financial Group increased their price target on shares of Kinder Morgan from $31.00 to $36.00 and gave the stock a “hold” rating in a report on Tuesday, March 24th. Citigroup raised their price objective on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Finally, TD Cowen lifted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.33.

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.