Great Valley Advisor Group Inc. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 87.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,581 shares of the pipeline company's stock after acquiring an additional 27,322 shares during the period. Great Valley Advisor Group Inc.'s holdings in Kinder Morgan were worth $981,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. City State Bank acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $25,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Kinder Morgan during the first quarter valued at about $29,000. Toth Financial Advisory Corp grew its stake in shares of Kinder Morgan by 177.2% during the first quarter. Toth Financial Advisory Corp now owns 1,663 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 1,063 shares in the last quarter. Quent Capital LLC grew its stake in shares of Kinder Morgan by 136.2% during the first quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 940 shares in the last quarter. Finally, American National Bank grew its stake in Kinder Morgan by 63.6% in the first quarter. American National Bank now owns 1,667 shares of the pipeline company's stock worth $32,000 after purchasing an additional 648 shares in the last quarter. 61.12% of the stock is currently owned by institutional investors and hedge funds.
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Insider Activity
In other news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total transaction of $28,755.00. Following the sale, the vice president now owns 27,219 shares of the company's stock, valued at $521,788.23. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP John W. Schlosser sold 3,000 shares of the business's stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the sale, the vice president now owns 28,719 shares of the company's stock, valued at $516,942. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the sale, the vice president now directly owns 27,219 shares in the company, valued at approximately $521,788.23. The disclosure for this sale can be found here. Corporate insiders own 12.51% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on KMI shares. UBS Group lifted their price target on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. The Goldman Sachs Group upgraded Kinder Morgan from a "sell" rating to a "neutral" rating and set a $19.00 price target for the company in a research note on Wednesday, September 7th. US Capital Advisors reiterated a "hold" rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. Finally, Barclays lifted their price target on Kinder Morgan from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $21.00.
Kinder Morgan Stock Performance
Shares of NYSE KMI opened at $16.84 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90. The firm's 50-day moving average price is $18.07 and its two-hundred day moving average price is $18.24. Kinder Morgan, Inc. has a 52-week low of $15.01 and a 52-week high of $20.20. The stock has a market capitalization of $37.94 billion, a P/E ratio of 15.74, a P/E/G ratio of 4.48 and a beta of 0.92.
Kinder Morgan (NYSE:KMI – Get Rating) last issued its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.27. Kinder Morgan had a net margin of 13.76% and a return on equity of 7.82%. The firm had revenue of $5.15 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter last year, the company posted $0.23 earnings per share. Kinder Morgan's revenue was up 63.5% on a year-over-year basis. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.
Kinder Morgan Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, July 29th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.59%. Kinder Morgan's dividend payout ratio (DPR) is presently 103.74%.
About Kinder Morgan
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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 liquefaction and storage facilities.
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