Maia Wealth LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Maia Wealth LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, Holdings Channel.com reports. The firm purchased 10,328 shares of the pipeline company’s stock, valued at approximately $208,000.

Other large investors have also recently made changes to their positions in the company. M&G Plc bought a new stake in Kinder Morgan during the second quarter valued at about $2,085,000. Roman Butler Fullerton & Co. lifted its position in shares of Kinder Morgan by 23.3% during the second quarter. Roman Butler Fullerton & Co. now owns 32,686 shares of the pipeline company’s stock valued at $657,000 after buying an additional 6,168 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of Kinder Morgan by 5.7% in the 2nd quarter. Wedmont Private Capital now owns 30,305 shares of the pipeline company’s stock valued at $612,000 after buying an additional 1,631 shares in the last quarter. Alhambra Investment Management LLC grew its position in shares of Kinder Morgan by 48.1% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,229 shares of the pipeline company’s stock worth $303,000 after buying an additional 4,944 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Kinder Morgan by 3.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 42,325 shares of the pipeline company’s stock worth $841,000 after acquiring an additional 1,330 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sital K. Mody sold 25,169 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The disclosure for this sale can be found here. Insiders sold 196,582 shares of company stock valued at $4,073,082 over the last 90 days. 12.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group raised their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Scotiabank boosted their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Barclays increased their price target on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.11.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.01 on Wednesday, reaching $20.91. 362,115 shares of the company’s stock traded hands, compared to its average volume of 14,124,117. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $21.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The firm has a market cap of $46.41 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 2.92 and a beta of 0.93. The stock has a 50 day moving average price of $20.36 and a 200-day moving average price of $18.91.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. During the same quarter in the prior year, the firm earned $0.24 EPS. Kinder Morgan’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a $0.2875 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.50%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.