Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Cwm LLC

Cwm LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 403,995 shares of the pipeline company’s stock after acquiring an additional 4,857 shares during the quarter. Cwm LLC’s holdings in Kinder Morgan were worth $8,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Daymark Wealth Partners LLC raised its stake in shares of Kinder Morgan by 19.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 12,213 shares of the pipeline company’s stock worth $270,000 after buying an additional 2,029 shares in the last quarter. Strategic Wealth Partners Ltd. raised its position in Kinder Morgan by 1.5% in the third quarter. Strategic Wealth Partners Ltd. now owns 266,963 shares of the pipeline company’s stock worth $5,897,000 after acquiring an additional 3,889 shares in the last quarter. Brookstone Capital Management lifted its holdings in Kinder Morgan by 0.5% in the 3rd quarter. Brookstone Capital Management now owns 537,378 shares of the pipeline company’s stock valued at $11,871,000 after acquiring an additional 2,811 shares during the last quarter. Atomi Financial Group Inc. boosted its position in shares of Kinder Morgan by 8.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 64,838 shares of the pipeline company’s stock valued at $1,432,000 after purchasing an additional 5,080 shares in the last quarter. Finally, Ignite Planners LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter worth approximately $213,000. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank raised their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. UBS Group lifted their target price on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Barclays upped their target price on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. lifted 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, Morgan Stanley raised shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price objective for the company in a research note on Monday, September 16th. Eight 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 $23.18.

Kinder Morgan Stock Performance

KMI stock opened at $24.70 on Friday. The stock has a market cap of $54.82 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.27 and a beta of 0.93. 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 50 day simple moving average of $21.70 and a 200 day simple moving average of $20.24. Kinder Morgan, Inc. has a 52 week low of $15.91 and a 52 week high of $24.70.

Kinder Morgan (NYSE:KMI) last posted 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 company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.66%. Kinder Morgan’s dividend payout ratio is 104.55%.

Kinder Morgan 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.