Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Hoertkorn Richard Charles

Hoertkorn Richard Charles grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 555,892 shares of the pipeline company’s stock after buying an additional 3,810 shares during the period. Kinder Morgan makes up approximately 4.6% of Hoertkorn Richard Charles’ holdings, making the stock its 6th biggest position. Hoertkorn Richard Charles’ holdings in Kinder Morgan were worth $9,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Freedom Wealth Alliance LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $27,000. Laffer Tengler Investments raised its holdings in Kinder Morgan by 103.5% in the 4th 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 in the last quarter. Certified Advisory Corp acquired a new position in Kinder Morgan in the 1st quarter valued at approximately $49,000. Massmutual Trust Co. FSB ADV raised its holdings in Kinder Morgan by 33.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 2,682 shares of the pipeline company’s stock valued at $47,000 after acquiring an additional 677 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Kinder Morgan by 30.1% in the 1st quarter. Larson Financial Group LLC now owns 2,749 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 636 shares in the last quarter. Institutional investors and hedge funds own 62.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Kinder Morgan Price Performance

NYSE KMI traded up $0.06 during trading hours on Friday, reaching $17.37. 4,029,840 shares of the company’s stock were exchanged, compared to its average volume of 12,705,237. The stock has a market cap of $38.70 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 5.19 and a beta of 0.96. Kinder Morgan, Inc. has a one year low of $16.00 and a one year high of $19.35. The firm has a fifty day moving average of $17.35 and a 200-day moving average of $17.12. The company has a current ratio of 0.49, a quick ratio of 0.38 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Kinder Morgan had a return on equity of 7.79% and a net margin of 14.65%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the prior year, the business earned $0.27 EPS. The business’s revenue for the quarter was down 32.0% compared to the same quarter last year. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.1 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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 dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend was Friday, July 28th. Kinder Morgan’s dividend payout ratio is 101.80%.

Insiders Place Their Bets

In other news, VP Sital K. Mody sold 55,849 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $17.36, for a total value of $969,538.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP John W. Schlosser sold 7,500 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the sale, the vice president now owns 12,219 shares of the company’s stock, valued at approximately $219,942. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sital K. Mody sold 55,849 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was 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. Company insiders own 12.64% of the company’s stock.

Kinder Morgan 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.