Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,566 shares of the pipeline company’s stock after buying an additional 2,148 shares during the quarter. Advisory Services Network LLC’s holdings in Kinder Morgan were worth $4,474,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. City State Bank acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Joseph P. Lucia & Associates LLC acquired a new position in Kinder Morgan in the 1st quarter valued at $29,000. Toth Financial Advisory Corp raised its stake in Kinder Morgan by 177.2% in the 1st quarter. Toth Financial Advisory Corp now owns 1,663 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 1,063 shares during the last quarter. Quent Capital LLC raised its stake in Kinder Morgan by 136.2% in the 1st quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 940 shares during the last quarter. Finally, Elkhorn Partners Limited Partnership acquired a new position in Kinder Morgan in the 4th quarter valued at $32,000. 61.12% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

NYSE KMI opened at $18.33 on Friday. The stock has a market cap of $41.30 billion, a PE ratio of 17.13, a P/E/G ratio of 5.06 and a beta of 0.92. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a twelve month low of $15.01 and a twelve month high of $20.20. The stock has a fifty day simple moving average of $18.00 and a 200-day simple moving average of $18.31.

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

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date was Friday, July 29th. Kinder Morgan’s dividend payout ratio (DPR) is 103.74%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KMI. Wells Fargo & Company reduced their price objective on Kinder Morgan to $20.00 and set an “equal weight” rating for the company in a research note on Friday, May 20th. US Capital Advisors reissued a “hold” rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. 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 research note on Wednesday, September 7th. Barclays raised their target price 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. Finally, UBS Group raised their target price on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the completion of the transaction, the vice president now directly owns 28,719 shares in the company, valued at approximately $516,942. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the completion of the transaction, the vice president now owns 27,219 shares in the company, valued at approximately $521,788.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 3,000 shares of Kinder Morgan stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now owns 28,719 shares of the company’s stock, valued at approximately $516,942. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by company insiders.

Kinder Morgan 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

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

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