Savvy Advisors Inc. Increases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Savvy Advisors Inc. lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 28.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,672 shares of the pipeline company’s stock after buying an additional 3,444 shares during the period. Savvy Advisors Inc.’s holdings in Kinder Morgan were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMI. Ashton Thomas Private Wealth LLC raised its stake in shares of Kinder Morgan by 34.4% during the third quarter. Ashton Thomas Private Wealth LLC now owns 50,001 shares of the pipeline company’s stock worth $1,105,000 after purchasing an additional 12,811 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after purchasing an additional 29,861 shares during the period. Apollon Wealth Management LLC increased its holdings in shares of Kinder Morgan by 16.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 85,992 shares of the pipeline company’s stock valued at $1,900,000 after purchasing an additional 12,354 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Kinder Morgan by 2.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 103,730 shares of the pipeline company’s stock valued at $2,291,000 after purchasing an additional 2,462 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new position in Kinder Morgan during the third quarter worth about $750,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following 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 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 12.81% of the stock is owned by insiders.

Kinder Morgan Trading Down 0.3 %

NYSE:KMI opened at $27.18 on Wednesday. Kinder Morgan, Inc. has a 1-year low of $16.34 and a 1-year high of $27.58. The firm has a market capitalization of $60.38 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.75 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The business’s 50-day moving average price is $23.39 and its two-hundred day moving average price is $21.26.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for 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 firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is currently 100.88%.

Analysts Set New Price Targets

KMI has been the subject of several research reports. Barclays lifted their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. Finally, The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Eight 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

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.