Advisors Asset Management Inc. Purchases 39,771 Shares of Kinder Morgan, Inc. $KMI

Advisors Asset Management Inc. grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 13.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 324,954 shares of the pipeline company’s stock after purchasing an additional 39,771 shares during the period. Advisors Asset Management Inc.’s holdings in Kinder Morgan were worth $9,199,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. LFA Lugano Financial Advisors SA purchased a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. CoreFirst Bank & Trust bought a new stake in Kinder Morgan during the second quarter valued at approximately $35,000. Private Wealth Management Group LLC grew its holdings in Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares during the period. Westside Investment Management Inc. increased its stake in Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,032 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Kinder Morgan in the 2nd quarter valued at $40,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $31.49 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.67. The firm has a 50-day simple moving average of $28.15 and a 200 day simple moving average of $27.47. The company has a market cap of $70.05 billion, a PE ratio of 22.98, a P/E/G ratio of 2.56 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last released its earnings results 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 business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, sell-side 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 will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMI. Jefferies Financial Group raised their price target on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Scotiabank lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Mizuho decreased their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Finally, Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.38.

Insider Activity at Kinder Morgan

In other news, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William A. Smith bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average cost of $29.75 per share, with a total value of $89,250.00. Following the completion of the purchase, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. This represents a 10.68% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 38,498 shares of company stock worth $1,126,515. 12.73% of the stock is owned by insiders.

About Kinder Morgan

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.