J.W. Cole Advisors Inc. Buys 3,641 Shares of Kinder Morgan, Inc. (NYSE:KMI)

J.W. Cole Advisors Inc. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 35.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,839 shares of the pipeline company’s stock after purchasing an additional 3,641 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Kinder Morgan were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Kinder Morgan by 7.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,302,637 shares of the pipeline company’s stock worth $81,364,000 after purchasing an additional 293,497 shares during the period. Kestra Private Wealth Services LLC boosted its position in Kinder Morgan by 12.8% during the first quarter. Kestra Private Wealth Services LLC now owns 51,698 shares of the pipeline company’s stock worth $978,000 after purchasing an additional 5,867 shares during the period. Gradient Investments LLC boosted its position in Kinder Morgan by 85.8% during the first quarter. Gradient Investments LLC now owns 11,757 shares of the pipeline company’s stock worth $222,000 after purchasing an additional 5,430 shares during the period. Advisory Services Network LLC boosted its position in Kinder Morgan by 0.9% during the first quarter. Advisory Services Network LLC now owns 236,566 shares of the pipeline company’s stock worth $4,474,000 after purchasing an additional 2,148 shares during the period. Finally, Aurora Investment Counsel bought a new position in Kinder Morgan during the first quarter worth $1,906,000. 61.12% of the stock is owned by institutional investors.

Kinder Morgan Stock Down 0.8 %

KMI stock opened at $17.90 on Wednesday. The company has a market cap of $40.33 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 4.97 and a beta of 0.92. The business has a 50-day simple moving average of $18.07 and a 200 day simple moving average of $18.32. Kinder Morgan, Inc. has a 52 week low of $15.01 and a 52 week high of $20.20. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90.

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, meeting analysts’ consensus estimates of $0.27. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. Kinder Morgan’s revenue for the quarter was up 63.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date of this dividend was Friday, July 29th. Kinder Morgan’s dividend payout ratio (DPR) is presently 103.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. US Capital Advisors reissued a “hold” rating on shares of Kinder Morgan in a research report on Wednesday, June 1st. Barclays boosted their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 16th. UBS Group boosted their target price on shares of Kinder Morgan to $25.00 in a research report on Friday, July 22nd. Finally, The Goldman Sachs Group raised shares of Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price for the company in a research report on Wednesday, September 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.00.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 1,500 shares of the business’s 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 of the company’s stock, valued at $521,788.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Kinder Morgan news, VP John W. Schlosser sold 3,000 shares of the business’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 owns 28,719 shares of the company’s stock, valued at $516,942. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the business’s 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 transaction, the vice president now directly owns 27,219 shares of the company’s stock, valued at approximately $521,788.23. The disclosure for this sale can be found here. 12.51% of the stock is owned by 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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