Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Hollencrest Capital Management

Hollencrest Capital Management boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 62.7% in the third quarter, HoldingsChannel.com reports. The firm owned 2,807 shares of the pipeline company’s stock after purchasing an additional 1,082 shares during the quarter. Hollencrest Capital Management’s holdings in Kinder Morgan were worth $62,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SignalPoint Asset Management LLC lifted its holdings in shares of Kinder Morgan by 1.5% in the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after buying an additional 447 shares during the period. Trust Co. of Oklahoma lifted its holdings in Kinder Morgan by 1.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock valued at $742,000 after acquiring an additional 486 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its position in shares of Kinder Morgan by 0.5% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock valued at $2,124,000 after purchasing an additional 500 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Kinder Morgan by 0.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock worth $3,295,000 after purchasing an additional 530 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its stake in shares of Kinder Morgan by 1.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock worth $785,000 after purchasing an additional 545 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. 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 is available at this hyperlink. In related news, Director C Park Shaper sold 690,142 shares of Kinder Morgan 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 completion of the sale, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 710,992 shares of company stock valued at $17,619,823. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 1.8 %

Kinder Morgan stock opened at $26.88 on Friday. Kinder Morgan, Inc. has a twelve month low of $16.17 and a twelve month high of $27.00. 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 cap of $59.72 billion, a PE ratio of 23.58, a P/E/G ratio of 3.63 and a beta of 0.91. The firm’s 50 day moving average price is $23.28 and its two-hundred day moving average price is $21.17.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business posted $0.25 EPS. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS 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 $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.28%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KMI. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Scotiabank raised their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. UBS Group boosted their target price on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 19th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.09.

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.