Brookstone Capital Management Sells 16,373 Shares of Kinder Morgan, Inc. $KMI

Brookstone Capital Management lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,364 shares of the pipeline company’s stock after selling 16,373 shares during the quarter. Brookstone Capital Management’s holdings in Kinder Morgan were worth $11,721,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. apricus wealth LLC boosted its holdings in Kinder Morgan by 12.3% during the fourth quarter. apricus wealth LLC now owns 113,178 shares of the pipeline company’s stock valued at $3,111,000 after purchasing an additional 12,425 shares in the last quarter. Columbus Macro LLC raised its holdings in shares of Kinder Morgan by 9.9% in the 4th quarter. Columbus Macro LLC now owns 476,366 shares of the pipeline company’s stock worth $13,095,000 after buying an additional 42,991 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Kinder Morgan by 17.3% in the 4th quarter. ORG Partners LLC now owns 7,419 shares of the pipeline company’s stock worth $204,000 after buying an additional 1,095 shares in the last quarter. TrueMark Investments LLC lifted its position in shares of Kinder Morgan by 7.6% during the 4th quarter. TrueMark Investments LLC now owns 174,506 shares of the pipeline company’s stock worth $4,797,000 after buying an additional 12,384 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Kinder Morgan by 25.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 98,567 shares of the pipeline company’s stock worth $2,710,000 after buying an additional 20,224 shares during the period. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMI shares. Stifel Nicolaus upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, March 13th. UBS Group reissued a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a report on Friday, December 12th. Jefferies Financial Group boosted their target price on shares of Kinder Morgan from $31.00 to $36.00 and gave the company a “hold” rating in a research note on Tuesday, March 24th. Scotiabank upped their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $34.33.

Insider Activity

In related news, Director William A. Smith acquired 3,000 shares of the stock in a transaction on Monday, February 2nd. The stock was purchased at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the transaction, the director owned 31,087 shares of the company’s stock, valued at $924,838.25. The trade was a 10.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $33.30, for a total transaction of $51,615.00. Following the completion of the transaction, the vice president directly owned 46,393 shares of the company’s stock, valued at approximately $1,544,886.90. This represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 48,048 shares of company stock worth $1,469,863. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Down 0.6%

NYSE KMI opened at $33.45 on Wednesday. The stock’s 50 day simple moving average is $32.19 and its 200 day simple moving average is $28.94. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $34.73. The firm has a market cap of $74.41 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 3.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during 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 in the previous year, the company posted $0.30 EPS. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

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.