Wealth Enhancement Advisory Services LLC Increases Position in Kinder Morgan, Inc. (NYSE:KMI)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 695,607 shares of the pipeline company’s stock after acquiring an additional 27,071 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Kinder Morgan were worth $13,822,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC grew its stake in Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 1,389 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Kinder Morgan in the 4th quarter valued at about $26,000. Pathway Financial Advisers LLC acquired a new position in Kinder Morgan in the 1st quarter valued at about $30,000. OFI Invest Asset Management acquired a new position in Kinder Morgan in the 1st quarter valued at about $31,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares in the company, valued at $19,261,400.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,582 shares of company stock worth $4,073,082. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Down 0.1 %

KMI stock traded down $0.03 during midday trading on Wednesday, hitting $20.89. The company’s stock had a trading volume of 2,813,177 shares, compared to its average volume of 14,138,604. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $21.86. The firm has a market capitalization of $46.36 billion, a P/E ratio of 19.02, a PEG ratio of 2.92 and a beta of 0.93. The firm has a 50-day simple moving average of $20.36 and a 200-day simple moving average of $18.91.

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

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders 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 yield of 5.51%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Finally, Scotiabank boosted their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $22.11.

About Kinder Morgan

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.