Charter Research & Investment Group Inc. Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Charter Research & Investment Group Inc. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,595 shares of the pipeline company’s stock after purchasing an additional 1,051 shares during the quarter. Charter Research & Investment Group Inc.’s holdings in Kinder Morgan were worth $733,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KMI. Creative Financial Designs Inc. ADV increased its holdings in Kinder Morgan by 57.6% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,732 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 633 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Kinder Morgan by 100.0% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,000 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 1,000 shares during the last quarter. Spotlight Asset Group Inc. purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at about $34,000. Smithfield Trust Co increased its holdings in shares of Kinder Morgan by 37.8% in the 2nd quarter. Smithfield Trust Co now owns 2,773 shares of the pipeline company’s stock valued at $47,000 after acquiring an additional 761 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 62.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on KMI shares. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 price target on shares of Kinder Morgan in a research note on Thursday, July 20th. Stifel Nicolaus raised their price target on Kinder Morgan from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Tuesday, August 1st. The Goldman Sachs Group initiated coverage on Kinder Morgan in a research note on Thursday, October 5th. They set a “buy” rating and a $20.00 price target on the stock. Pickering Energy Partners initiated coverage on Kinder Morgan in a research report on Tuesday, October 3rd. They set a “neutral” rating for the company. Finally, StockNews.com initiated coverage on Kinder Morgan in a research report on Thursday, October 5th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.38.

Kinder Morgan Stock Up 0.9 %

Kinder Morgan stock opened at $16.97 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.39 and a quick ratio of 0.30. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $19.35. The company has a market cap of $37.72 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 5.13 and a beta of 0.97. The stock’s 50 day moving average price is $16.71 and its 200 day moving average price is $16.94.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 18th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Kinder Morgan had a return on equity of 7.78% and a net margin of 15.54%. The firm’s revenue for the quarter was down 24.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.1 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.2825 per share. The ex-dividend date was Monday, October 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.66%. Kinder Morgan’s payout ratio is 102.73%.

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.