Hennion & Walsh Asset Management Inc. boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 74.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,414 shares of the pipeline company's stock after purchasing an additional 16,391 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Kinder Morgan were worth $644,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. HYA Advisors Inc boosted its position in Kinder Morgan by 1.5% during the first quarter. HYA Advisors Inc now owns 99,092 shares of the pipeline company's stock valued at $1,874,000 after purchasing an additional 1,504 shares during the last quarter. Kentucky Retirement Systems boosted its position in Kinder Morgan by 4.0% during the first quarter. Kentucky Retirement Systems now owns 124,296 shares of the pipeline company's stock valued at $2,350,000 after purchasing an additional 4,838 shares during the last quarter. Glassy Mountain Advisors Inc. boosted its position in Kinder Morgan by 30.2% during the first quarter. Glassy Mountain Advisors Inc. now owns 45,636 shares of the pipeline company's stock valued at $863,000 after purchasing an additional 10,590 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Kinder Morgan by 21.2% in the first quarter. Advisor Group Holdings Inc. now owns 997,527 shares of the pipeline company's stock worth $20,330,000 after buying an additional 174,431 shares during the last quarter. Finally, Steel Peak Wealth Management LLC lifted its position in shares of Kinder Morgan by 9.9% in the first quarter. Steel Peak Wealth Management LLC now owns 20,081 shares of the pipeline company's stock worth $380,000 after buying an additional 1,815 shares during the last quarter. Institutional investors and hedge funds own 61.12% of the company's stock.
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Insider Activity at Kinder Morgan
In related news, VP John W. Schlosser sold 3,000 shares of the business's stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the transaction, the vice president now directly owns 28,719 shares in the company, valued at $516,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP John W. Schlosser sold 3,000 shares of the business's stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the transaction, the vice president now directly owns 28,719 shares in the company, valued at $516,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the business's stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $19.17, for a total value of $28,755.00. Following the transaction, the vice president now owns 27,219 shares in the company, valued at $521,788.23. The disclosure for this sale can be found here. Corporate insiders own 14.22% of the company's stock.
Analysts Set New Price Targets
A number of analysts have weighed in on KMI shares. Barclays boosted their price target on Kinder Morgan from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 16th. UBS Group boosted their price target on Kinder Morgan to $25.00 in a research report on Friday, July 22nd. Finally, The Goldman Sachs Group raised Kinder Morgan from a "sell" rating to a "neutral" rating and set a $19.00 price target for the company in a research report on Wednesday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of "Hold" and a consensus target price of $21.00.
Kinder Morgan Price Performance
NYSE KMI opened at $16.64 on Monday. Kinder Morgan, Inc. has a twelve month low of $15.01 and a twelve month high of $20.20. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.42 and a current ratio of 0.52. The stock has a market capitalization of $37.49 billion, a PE ratio of 15.55, a P/E/G ratio of 4.65 and a beta of 0.92. The stock has a 50-day simple moving average of $18.04 and a 200 day simple moving average of $18.24.
Kinder Morgan (NYSE:KMI – Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. The firm's revenue was up 63.5% compared to the same quarter last year. Research analysts anticipate that Kinder Morgan, Inc. will post 1.2 EPS for the current year.
Kinder Morgan Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were given a dividend of $0.2775 per share. The ex-dividend date was Friday, July 29th. This represents a $1.11 annualized dividend and a dividend yield of 6.67%. Kinder Morgan's dividend payout ratio is presently 103.74%.
Kinder Morgan Profile
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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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