Tyche Wealth Partners LLC Sells 1,185 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Tyche Wealth Partners LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,422 shares of the pipeline company’s stock after selling 1,185 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Kinder Morgan were worth $385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. Farmers & Merchants Investments Inc. grew its holdings in shares of Kinder Morgan by 30.8% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 18,262 shares of the pipeline company’s stock worth $335,000 after purchasing an additional 4,300 shares during the last quarter. MV Capital Management Inc. lifted its position in Kinder Morgan by 45.7% during the 1st quarter. MV Capital Management Inc. now owns 2,083 shares of the pipeline company’s stock worth $38,000 after buying an additional 653 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Kinder Morgan by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,011,296 shares of the pipeline company’s stock worth $91,907,000 after buying an additional 24,543 shares in the last quarter. Svenska Handelsbanken AB publ acquired a new position in Kinder Morgan during the 1st quarter worth about $16,144,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan during the 1st quarter worth about $31,000. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. UBS Group increased their target price on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, July 19th. Finally, Stifel Nicolaus raised their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.91.

Kinder Morgan Stock Down 1.0 %

NYSE KMI traded down $0.25 on Tuesday, reaching $24.55. The company had a trading volume of 1,894,474 shares, compared to its average volume of 13,763,158. The stock has a market capitalization of $54.49 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.06 and a beta of 0.93. The company’s fifty day moving average is $22.57 and its 200 day moving average is $20.77. Kinder Morgan, Inc. has a 52-week low of $15.91 and a 52-week high of $25.43. The company has a quick ratio of 0.28, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.68%. Kinder Morgan’s dividend payout ratio is 104.55%.

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction 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 sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 817,040 shares of company stock valued at $19,747,879. Corporate insiders own 12.64% of the company’s stock.

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.