Level Four Advisory Services LLC Purchases 864 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Level Four Advisory Services LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 126,625 shares of the pipeline company’s stock after acquiring an additional 864 shares during the period. Level Four Advisory Services LLC’s holdings in Kinder Morgan were worth $2,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its holdings in Kinder Morgan by 1.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,238,940 shares of the pipeline company’s stock valued at $21,694,000 after acquiring an additional 19,347 shares during the period. Moody National Bank Trust Division increased its position in shares of Kinder Morgan by 5.2% during the first quarter. Moody National Bank Trust Division now owns 52,575 shares of the pipeline company’s stock valued at $921,000 after buying an additional 2,582 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of Kinder Morgan by 346.6% in the first quarter. Newbridge Financial Services Group Inc. now owns 4,542 shares of the pipeline company’s stock worth $80,000 after buying an additional 3,525 shares in the last quarter. Laffer Tengler Investments boosted its position in shares of Kinder Morgan by 103.5% in the fourth quarter. Laffer Tengler Investments now owns 1,966 shares of the pipeline company’s stock valued at $36,000 after acquiring an additional 1,000 shares during the period. Finally, DAVENPORT & Co LLC increased its holdings in Kinder Morgan by 5.6% during the 1st quarter. DAVENPORT & Co LLC now owns 313,182 shares of the pipeline company’s stock worth $5,483,000 after acquiring an additional 16,469 shares during the period. Institutional investors own 62.33% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $17.16 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $17.35 and a 200-day moving average price of $17.12. The company has a market cap of $38.24 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 5.02 and a beta of 0.96. Kinder Morgan, Inc. has a 12 month low of $16.00 and a 12 month high of $19.35.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 19th. The pipeline company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 7.79% and a net margin of 14.65%. The firm’s revenue for the quarter was down 32.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.1 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a $0.2825 dividend. The ex-dividend date was Friday, July 28th. This represents a $1.13 dividend on an annualized basis and a yield of 6.59%. Kinder Morgan’s dividend payout ratio (DPR) is 101.80%.

Analyst Ratings Changes

KMI has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 price target on shares of Kinder Morgan in a research report on Thursday, July 20th. Barclays decreased their target price on Kinder Morgan from $20.00 to $19.00 in a research note on Tuesday, July 18th. Wolfe Research upgraded Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, July 12th. StockNews.com initiated coverage on shares of Kinder Morgan in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.22.

Insider Transactions at Kinder Morgan

In other news, VP Sital K. Mody sold 55,849 shares of Kinder Morgan stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $17.36, for a total transaction of $969,538.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction on Monday, July 24th. The stock was sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the sale, the vice president now owns 12,219 shares of the company’s stock, valued at $219,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 55,849 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $17.36, for a total value of $969,538.64. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Kinder Morgan Company Profile

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 gasification, liquefaction, and storage facilities.