First Allied Advisory Services Inc. lowered its position in shares of Kinder Morgan Inc (NYSE:KMI) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,027 shares of the pipeline company’s stock after selling 1,724 shares during the period. First Allied Advisory Services Inc.’s holdings in Kinder Morgan were worth $2,422,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthstreet Investment Advisors LLC grew its holdings in shares of Kinder Morgan by 1.9% during the first quarter. Wealthstreet Investment Advisors LLC now owns 47,914 shares of the pipeline company’s stock worth $959,000 after buying an additional 874 shares during the last quarter. Kovack Advisors Inc. grew its holdings in shares of Kinder Morgan by 11.1% during the first quarter. Kovack Advisors Inc. now owns 11,562 shares of the pipeline company’s stock worth $231,000 after buying an additional 1,154 shares during the last quarter. Voit & Company LLC grew its holdings in shares of Kinder Morgan by 125.3% during the first quarter. Voit & Company LLC now owns 35,200 shares of the pipeline company’s stock worth $704,000 after buying an additional 19,575 shares during the last quarter. Stokes Capital Advisors LLC grew its holdings in shares of Kinder Morgan by 15.1% during the first quarter. Stokes Capital Advisors LLC now owns 104,840 shares of the pipeline company’s stock worth $2,098,000 after buying an additional 13,730 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Kinder Morgan by 2.7% during the first quarter. Stephens Inc. AR now owns 303,033 shares of the pipeline company’s stock worth $6,064,000 after buying an additional 7,933 shares during the last quarter. Institutional investors and hedge funds own 65.34% of the company’s stock.
A number of equities analysts recently issued reports on KMI shares. TheStreet raised Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 16th. Argus reissued a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a report on Tuesday, January 22nd. ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Evercore ISI started coverage on Kinder Morgan in a report on Tuesday, February 5th. They set an “outperform” rating on the stock. Finally, Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $21.82.
Shares of KMI opened at $19.93 on Wednesday. Kinder Morgan Inc has a twelve month low of $14.62 and a twelve month high of $20.44. The company has a market capitalization of $43.39 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.86 and a beta of 0.95. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.37 and a current ratio of 0.45.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. Kinder Morgan had a return on equity of 6.13% and a net margin of 11.59%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that Kinder Morgan Inc will post 0.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.20. Kinder Morgan’s payout ratio is currently 112.36%.
In other news, VP John W. Schlosser sold 54,100 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $19.63, for a total transaction of $1,061,983.00. Following the sale, the vice president now owns 34,632 shares of the company’s stock, valued at approximately $679,826.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah Macdonald purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average cost of $19.89 per share, for a total transaction of $49,725.00. Following the purchase, the director now directly owns 25,328 shares in the company, valued at $503,773.92. The disclosure for this purchase can be found here. Insiders acquired a total of 3,673,076 shares of company stock worth $71,594,383 in the last ninety days. 13.95% of the stock is owned by corporate insiders.
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About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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