AlphaCore Capital LLC Acquires 15,900 Shares of Kinder Morgan, Inc. $KMI

AlphaCore Capital LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 267.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,836 shares of the pipeline company’s stock after purchasing an additional 15,900 shares during the quarter. AlphaCore Capital LLC’s holdings in Kinder Morgan were worth $618,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $308,000. Schnieders Capital Management LLC. raised its stake in shares of Kinder Morgan by 11.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after purchasing an additional 7,081 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $620,000. Daymark Wealth Partners LLC lifted its holdings in shares of Kinder Morgan by 11.0% in the second quarter. Daymark Wealth Partners LLC now owns 13,108 shares of the pipeline company’s stock valued at $385,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Spire Wealth Management boosted its position in shares of Kinder Morgan by 11.2% during the second quarter. Spire Wealth Management now owns 13,320 shares of the pipeline company’s stock worth $392,000 after buying an additional 1,338 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, Director William A. Smith acquired 3,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the transaction, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. The trade was a 10.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the transaction, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. The trade was a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 46,498 shares of company stock valued at $1,382,115 in the last 90 days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 0.5%

KMI stock opened at $33.23 on Friday. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $33.35. The business’s 50 day simple moving average is $29.50 and its 200 day simple moving average is $27.88. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $73.93 billion, a PE ratio of 24.25, a PEG ratio of 2.72 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current 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 paid a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s dividend payout ratio is 85.40%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMI. Jefferies Financial Group lifted their target price on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Scotiabank upped their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus increased their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.54.

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.