Moran Wealth Management LLC Boosts Position in Kinder Morgan, Inc. (NYSE:KMI)

Moran Wealth Management LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 149,936 shares of the pipeline company’s stock after acquiring an additional 2,582 shares during the period. Moran Wealth Management LLC’s holdings in Kinder Morgan were worth $3,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moors & Cabot Inc. lifted its stake in Kinder Morgan by 0.3% in the 3rd quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock valued at $3,193,000 after buying an additional 468 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Kinder Morgan by 69.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 357,045 shares of the pipeline company’s stock valued at $7,887,000 after acquiring an additional 146,868 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Kinder Morgan during the third quarter valued at $3,440,000. Commerce Bank increased its position in Kinder Morgan by 11.6% during the 3rd quarter. Commerce Bank now owns 122,595 shares of the pipeline company’s stock worth $2,708,000 after purchasing an additional 12,783 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Kinder Morgan in the 3rd quarter valued at about $1,893,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 2.0 %

KMI opened at $28.57 on Friday. The firm has a market capitalization of $63.46 billion, a P/E ratio of 25.06, a P/E/G ratio of 3.86 and a beta of 0.91. The firm’s 50 day moving average is $24.41 and its 200-day moving average is $21.73. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.67.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.03%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KMI. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Stifel Nicolaus increased their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Wells Fargo & Company lifted their price objective on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Bank of America began coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.36.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by insiders.

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.