Great Valley Advisor Group Inc. lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 87.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,581 shares of the pipeline company's stock after acquiring an additional 27,322 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Kinder Morgan were worth $981,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. City State Bank bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $25,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Kinder Morgan during the 1st quarter valued at approximately $29,000. Toth Financial Advisory Corp lifted its holdings in Kinder Morgan by 177.2% in the 1st quarter. Toth Financial Advisory Corp now owns 1,663 shares of the pipeline company's stock worth $31,000 after purchasing an additional 1,063 shares in the last quarter. Quent Capital LLC lifted its holdings in Kinder Morgan by 136.2% in the 1st quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company's stock worth $31,000 after purchasing an additional 940 shares in the last quarter. Finally, American National Bank lifted its holdings in Kinder Morgan by 63.6% in the 1st 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.
Get Kinder Morgan alerts:Insider Buying and Selling at Kinder Morgan
In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of the company's stock in a transaction 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 transaction, the vice president now owns 27,219 shares of the company's stock, valued at approximately $521,788.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP John W. Schlosser sold 3,000 shares of the stock in a transaction 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 transaction, the vice president now owns 28,719 shares of the company's stock, valued at approximately $516,942. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction 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 transaction, 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. 12.51% of the stock is currently owned by corporate insiders.
Kinder Morgan Stock Performance
NYSE KMI opened at $16.84 on Thursday. The company has a market cap 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. 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 business's 50 day moving average price is $18.07 and its 200-day moving average price is $18.24. Kinder Morgan, Inc. has a fifty-two week low of $15.01 and a fifty-two week high of $20.20.Kinder Morgan (NYSE:KMI – Get Rating) last released its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The company's revenue for the quarter was up 63.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.
Kinder Morgan Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.59%. The ex-dividend date was Friday, July 29th. Kinder Morgan's dividend payout ratio (DPR) is presently 103.74%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on KMI shares. The Goldman Sachs Group raised Kinder Morgan from a "sell" rating to a "neutral" rating and set a $19.00 price target on the stock in a report on Wednesday, September 7th. Barclays upped their price objective on Kinder Morgan from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 16th. US Capital Advisors reaffirmed a "hold" rating on shares of Kinder Morgan in a report on Wednesday, June 1st. Finally, UBS Group upped their price objective on Kinder Morgan to $25.00 in a report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.00.
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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