Private Advisor Group LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 17.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 171,776 shares of the pipeline company’s stock after purchasing an additional 25,131 shares during the period. Private Advisor Group LLC’s holdings in Kinder Morgan were worth $2,979,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its holdings in Kinder Morgan by 57.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,732 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 633 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Kinder Morgan by 100.0% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,000 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 1,000 shares during the last quarter. Spotlight Asset Group Inc. acquired a new stake in Kinder Morgan during the second quarter worth approximately $34,000. Certified Advisory Corp acquired a new stake in Kinder Morgan during the first quarter worth approximately $49,000. Finally, Larson Financial Group LLC lifted its position in Kinder Morgan by 30.1% during the first quarter. Larson Financial Group LLC now owns 2,749 shares of the pipeline company’s stock worth $48,000 after acquiring an additional 636 shares during the last quarter. Institutional investors own 62.33% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on KMI. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, August 1st. US Capital Advisors upgraded shares of Kinder Morgan from a “hold” rating to an “overweight” rating in a research report on Friday. StockNews.com assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 5th. They set a “hold” rating for the company. The Goldman Sachs Group assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 5th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Pickering Energy Partners assumed coverage on shares of Kinder Morgan in a research report on Tuesday, October 3rd. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Kinder Morgan has an average rating of “Hold” and a consensus price target of $20.38.
Kinder Morgan Stock Down 0.1 %
Shares of KMI opened at $16.94 on Tuesday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $19.35. The company has a market cap of $37.65 billion, a P/E ratio of 15.40, a P/E/G ratio of 5.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.39 and a quick ratio of 0.30. The firm has a 50 day simple moving average of $16.72 and a two-hundred day simple moving average of $16.94.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 18th. 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 15.54% and a return on equity of 7.78%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was down 24.5% on a year-over-year basis. Research analysts forecast that Kinder Morgan, Inc. will post 1.1 EPS for the current fiscal year.
Kinder Morgan Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.2825 per share. The ex-dividend date was Monday, October 30th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.67%. Kinder Morgan’s payout ratio is presently 102.73%.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.
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