Strategic Wealth Partners Ltd. Acquires 4,345 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Strategic Wealth Partners Ltd. lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 8.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,927 shares of the pipeline company’s stock after purchasing an additional 4,345 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Kinder Morgan were worth $1,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. HYA Advisors Inc raised its stake in Kinder Morgan by 1.5% during the 1st quarter. HYA Advisors Inc now owns 99,092 shares of the pipeline company’s stock worth $1,874,000 after buying an additional 1,504 shares during the period. Kentucky Retirement Systems raised its stake in Kinder Morgan by 4.0% during the 1st quarter. Kentucky Retirement Systems now owns 124,296 shares of the pipeline company’s stock worth $2,350,000 after buying an additional 4,838 shares during the period. Alliancebernstein L.P. raised its stake in Kinder Morgan by 0.4% during the 4th quarter. Alliancebernstein L.P. now owns 2,916,355 shares of the pipeline company’s stock worth $46,253,000 after buying an additional 12,278 shares during the period. Glassy Mountain Advisors Inc. raised its stake in Kinder Morgan by 30.2% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 45,636 shares of the pipeline company’s stock worth $863,000 after buying an additional 10,590 shares during the period. Finally, Advisor Group Holdings Inc. raised its stake in Kinder Morgan by 21.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 997,527 shares of the pipeline company’s stock worth $20,330,000 after buying an additional 174,431 shares during the period. Institutional investors own 61.12% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the sale, the vice president now owns 27,219 shares in the company, valued at $521,788.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the sale, the vice president now owns 27,219 shares in the company, valued at $521,788.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 3,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the sale, the vice president now owns 28,719 shares in the company, valued at approximately $516,942. The disclosure for this sale can be found here. Corporate insiders own 12.51% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $18.53 on Thursday. Kinder Morgan, Inc. has a 1-year low of $15.01 and a 1-year high of $20.20. The stock has a fifty day simple moving average of $17.95 and a two-hundred day simple moving average of $18.31. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.90. The firm has a market cap of $41.75 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 5.09 and a beta of 0.92.

Kinder Morgan (NYSE:KMIGet Rating) last posted its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 63.5% on a year-over-year basis. Analysts anticipate that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date was Friday, July 29th. Kinder Morgan’s payout ratio is currently 103.74%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KMI shares. Barclays increased their price objective on Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 16th. US Capital Advisors reissued a “hold” rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. Wells Fargo & Company reduced their target price on Kinder Morgan to $20.00 and set an “equal weight” rating for the company in a report on Friday, May 20th. UBS Group upped their target price on Kinder Morgan to $25.00 in a report on Friday, July 22nd. Finally, The Goldman Sachs Group raised Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price for the company in a report on Wednesday, September 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.00.

Kinder Morgan Company Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

Further Reading

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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