ORG Partners LLC Buys 21,295 Shares of Kinder Morgan, Inc. (NYSE:KMI)

ORG Partners LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 454.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,982 shares of the pipeline company’s stock after buying an additional 21,295 shares during the period. ORG Partners LLC’s holdings in Kinder Morgan were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. increased its position in shares of Kinder Morgan by 2.1% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 518,901 shares of the pipeline company’s stock worth $10,311,000 after buying an additional 10,773 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Kinder Morgan by 4.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 695,607 shares of the pipeline company’s stock worth $13,822,000 after purchasing an additional 27,071 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in Kinder Morgan by 2.9% in the second quarter. NorthCrest Asset Manangement LLC now owns 234,524 shares of the pipeline company’s stock worth $4,660,000 after purchasing an additional 6,615 shares in the last quarter. Maia Wealth LLC acquired a new position in Kinder Morgan in the second quarter valued at approximately $208,000. Finally, M&G Plc acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $2,085,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KMI. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, July 19th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. UBS Group upped their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Scotiabank raised their price objective on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Seven investment 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 MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $22.11.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the transaction, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction, the president now directly owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,311 shares of company stock worth $4,109,391. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.4 %

NYSE:KMI traded up $0.08 during trading hours on Thursday, hitting $21.04. 1,909,494 shares of the company traded hands, compared to its average volume of 14,094,631. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The company has a market cap of $46.70 billion, a PE ratio of 19.05, a PEG ratio of 2.92 and a beta of 0.93. The firm’s 50-day simple moving average is $20.38 and its 200-day simple moving average is $18.92.

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

Kinder Morgan Announces Dividend

The firm also recently disclosed 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 5.47%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

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.