Creative Planning Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

Creative Planning increased its holdings in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 412,376 shares of the pipeline company’s stock after purchasing an additional 20,468 shares during the quarter. Creative Planning’s holdings in Kinder Morgan were worth $9,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in KMI. Park Avenue Securities LLC raised its position in Kinder Morgan by 5.5% in the 1st quarter. Park Avenue Securities LLC now owns 46,023 shares of the pipeline company’s stock worth $844,000 after purchasing an additional 2,379 shares during the period. Riverview Trust Co purchased a new position in shares of Kinder Morgan in the first quarter valued at about $59,000. Wealthcare Advisory Partners LLC increased its position in shares of Kinder Morgan by 17.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 43,710 shares of the pipeline company’s stock valued at $802,000 after acquiring an additional 6,354 shares during the period. Ausbil Investment Management Ltd increased its position in shares of Kinder Morgan by 8.8% in the first quarter. Ausbil Investment Management Ltd now owns 273,937 shares of the pipeline company’s stock valued at $5,043,000 after acquiring an additional 22,112 shares during the period. Finally, Stokes Capital Advisors LLC increased its position in shares of Kinder Morgan by 0.9% in the first quarter. Stokes Capital Advisors LLC now owns 150,579 shares of the pipeline company’s stock valued at $2,762,000 after acquiring an additional 1,405 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.3 %

NYSE:KMI opened at $24.81 on Wednesday. Kinder Morgan, Inc. has a one year low of $15.91 and a one year high of $25.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The company’s 50-day simple moving average is $22.27 and its 200 day simple moving average is $20.58. The firm has a market capitalization of $55.06 billion, a P/E ratio of 22.55, a PEG ratio of 3.27 and a beta of 0.93.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm earned $0.25 EPS. The company’s revenue was down 5.3% on a year-over-year basis. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the transaction, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the transaction, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,898 shares of company stock valued at $2,666,865 over the last quarter. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KMI. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research report on Friday. UBS Group boosted their price objective on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays boosted their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, July 19th. Finally, The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.91.

View Our Latest Stock Analysis on Kinder Morgan

Kinder Morgan Company Profile

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and 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 gasification, liquefaction, and storage facilities.

Further Reading

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

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