Kovack Advisors Inc. grew its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 11.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,562 shares of the pipeline company’s stock after purchasing an additional 1,154 shares during the period. Kovack Advisors Inc.’s holdings in Kinder Morgan were worth $231,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Founders Capital Management boosted its position in shares of Kinder Morgan by 224.9% during the 1st quarter. Founders Capital Management now owns 1,228 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 850 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $30,000. Webster Bank N. A. acquired a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $31,000. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $28,000. Finally, Cordasco Financial Network boosted its position in shares of Kinder Morgan by 668.7% during the 1st quarter. Cordasco Financial Network now owns 1,868 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 1,625 shares in the last quarter. Hedge funds and other institutional investors own 65.34% of the company’s stock.
In other news, Director Deborah Macdonald bought 2,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of $19.89 per share, with a total value of $49,725.00. Following the completion of the purchase, the director now directly owns 25,328 shares of the company’s stock, valued at $503,773.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard D. Kinder bought 300,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $19.53 per share, with a total value of $5,859,000.00. Following the purchase, the insider now directly owns 240,879,496 shares of the company’s stock, valued at $4,704,376,556.88. The disclosure for this purchase can be found here. Insiders have bought 3,673,076 shares of company stock valued at $71,594,383 in the last ninety days. Insiders own 13.95% of the company’s stock.
Several analysts recently issued reports on KMI shares. Zacks Investment Research lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. TheStreet upgraded shares of Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. Evercore ISI started coverage on shares of Kinder Morgan in a research note on Tuesday, February 5th. They set an “outperform” rating for the company. ValuEngine raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Argus reaffirmed a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a research note on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Kinder Morgan currently has an average rating of “Buy” and a consensus price target of $21.82.
KMI stock opened at $19.93 on Wednesday. The firm has a market cap of $43.39 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.86 and a beta of 0.95. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $20.44. The company has a quick ratio of 0.37, a current ratio of 0.45 and a debt-to-equity ratio of 0.97.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.63 billion. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. On average, research analysts predict that Kinder Morgan Inc will post 0.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, April 29th. This represents a $1.00 annualized dividend and a dividend yield of 5.02%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.20. Kinder Morgan’s dividend payout ratio (DPR) is presently 112.36%.
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Kinder Morgan Profile
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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