IHT Wealth Management LLC Increases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

IHT Wealth Management LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 22.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,221 shares of the pipeline company’s stock after buying an additional 6,743 shares during the period. IHT Wealth Management LLC’s holdings in Kinder Morgan were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KMI. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Kinder Morgan during the 3rd quarter worth about $26,000. EdgeRock Capital LLC purchased a new stake in Kinder Morgan during the 3rd quarter worth about $29,000. TD Capital Management LLC purchased a new stake in Kinder Morgan during the 3rd quarter worth about $33,000. Clearstead Advisors LLC lifted its holdings in Kinder Morgan by 40.7% during the 2nd quarter. Clearstead Advisors LLC now owns 2,054 shares of the pipeline company’s stock worth $34,000 after buying an additional 594 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Kinder Morgan by 109.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,155 shares of the pipeline company’s stock worth $36,000 after buying an additional 1,125 shares during the last quarter. 60.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMI. Citigroup began coverage on Kinder Morgan in a report on Thursday, December 8th. They issued a “neutral” rating and a $19.00 target price for the company. Sanford C. Bernstein raised Kinder Morgan from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $19.00 to $22.00 in a report on Wednesday, March 1st. Barclays boosted their target price on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, January 18th. Morgan Stanley boosted their target price on Kinder Morgan from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Monday, January 9th. Finally, StockNews.com began coverage on Kinder Morgan in a report on Thursday. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $20.55.

Kinder Morgan Stock Down 1.6 %

KMI opened at $16.28 on Friday. The business has a 50 day moving average price of $17.94 and a two-hundred day moving average price of $17.93. The company has a quick ratio of 0.46, a current ratio of 0.55 and a debt-to-equity ratio of 0.88. The company has a market cap of $36.60 billion, a PE ratio of 14.54, a P/E/G ratio of 5.01 and a beta of 0.95. Kinder Morgan, Inc. has a 52 week low of $15.77 and a 52 week high of $20.20.

Kinder Morgan (NYSE:KMI – Get Rating) last released its earnings results on Wednesday, January 18th. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. Kinder Morgan had a return on equity of 8.26% and a net margin of 13.27%. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.1 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.82%. The ex-dividend date was Monday, January 30th. Kinder Morgan’s payout ratio is 99.11%.

Kinder Morgan announced that its board has authorized a share repurchase program on Wednesday, January 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the pipeline company to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $18.44, for a total transaction of $27,660.00. Following the transaction, the vice president now owns 19,719 shares in the company, valued at approximately $363,618.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Anthony B. Ashley sold 13,232 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $18.14, for a total value of $240,028.48. Following the sale, the vice president now owns 27,826 shares in the company, valued at approximately $504,763.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $18.44, for a total value of $27,660.00. Following the completion of the sale, the vice president now owns 19,719 shares in the company, valued at approximately $363,618.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,232 shares of company stock worth $294,958. Company insiders own 14.22% of the company’s stock.

About Kinder Morgan

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Kinder Morgan, Inc engages in providing pipeline transportation of natural gas services. It operates through the following business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment operates major interstate and intrastate natural gas pipelines and storage systems.