Evanson Asset Management LLC Has $459,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Evanson Asset Management LLC lessened its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,663 shares of the pipeline company’s stock after selling 2,736 shares during the quarter. Evanson Asset Management LLC’s holdings in Kinder Morgan were worth $459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC grew its stake in shares of Kinder Morgan by 102,208.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after purchasing an additional 41,030,376 shares during the period. Geode Capital Management LLC raised its position in shares of Kinder Morgan by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 39,578,158 shares of the pipeline company’s stock valued at $716,198,000 after acquiring an additional 750,210 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Kinder Morgan by 1,352.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after acquiring an additional 34,269,435 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Kinder Morgan by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,548,563 shares of the pipeline company’s stock valued at $496,984,000 after acquiring an additional 217,889 shares during the period. Finally, Orbis Allan Gray Ltd grew its holdings in shares of Kinder Morgan by 1.6% in the 1st quarter. Orbis Allan Gray Ltd now owns 26,311,549 shares of the pipeline company’s stock valued at $460,715,000 after buying an additional 424,620 shares during the period. 62.33% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $17.07 on Friday. The firm has a market cap of $38.03 billion, a PE ratio of 15.38, a P/E/G ratio of 5.19 and a beta of 0.96. The company’s fifty day simple moving average is $17.36 and its 200-day simple moving average is $17.12. The company has a quick ratio of 0.38, a current ratio of 0.49 and a debt-to-equity ratio of 0.90. 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 quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 7.79% and a net margin of 14.65%. Kinder Morgan’s revenue for the quarter was down 32.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.1 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend was Friday, July 28th. Kinder Morgan’s dividend payout ratio is currently 101.80%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the transaction, the vice president now owns 12,219 shares of the company’s stock, valued at approximately $219,942. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the transaction, the vice president now owns 12,219 shares of the company’s stock, valued at approximately $219,942. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 55,849 shares of the company’s stock in a transaction that occurred on 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. Company insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KMI shares. StockNews.com started coverage on shares of Kinder Morgan in a report on Thursday, August 17th. They issued a “hold” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price target on shares of Kinder Morgan in a research report on Thursday, July 20th. Wolfe Research raised Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, July 12th. Barclays lowered their price objective on shares of Kinder Morgan from $20.00 to $19.00 in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus boosted their price objective 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.22.

About Kinder Morgan

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.