CWA Asset Management Group LLC Invests $1.32 Million in Kinder Morgan, Inc. (NYSE:KMI)

CWA Asset Management Group LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, HoldingsChannel.com reports. The firm purchased 59,507 shares of the pipeline company’s stock, valued at approximately $1,315,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in Kinder Morgan by 5.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 271,569 shares of the pipeline company’s stock valued at $4,981,000 after purchasing an additional 13,689 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Kinder Morgan during the first quarter worth approximately $8,818,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Kinder Morgan by 10.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,552 shares of the pipeline company’s stock valued at $285,000 after acquiring an additional 1,416 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Kinder Morgan by 1.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 86,613 shares of the pipeline company’s stock valued at $1,588,000 after acquiring an additional 891 shares during the last quarter. Finally, Tectonic Advisors LLC grew its holdings in Kinder Morgan by 19.4% during the 1st quarter. Tectonic Advisors LLC now owns 12,191 shares of the pipeline company’s stock worth $224,000 after acquiring an additional 1,985 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In related news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 710,992 shares of company stock worth $17,619,823. 12.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Stifel Nicolaus increased their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.09.

Kinder Morgan Price Performance

Shares of KMI opened at $26.88 on Friday. Kinder Morgan, Inc. has a one year low of $16.17 and a one year high of $27.00. The stock’s fifty day moving average is $23.28 and its 200-day moving average is $21.17. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm has a market capitalization of $59.72 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 3.63 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released 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 for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s payout ratio is currently 100.88%.

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.