Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,511 shares of the pipeline company’s stock after acquiring an additional 802 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Kinder Morgan were worth $2,772,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KMI. Vanguard Group Inc. raised its stake in Kinder Morgan by 15.8% during the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares during the period. Norges Bank purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $409,063,000. Confluence Investment Management LLC acquired a new position in Kinder Morgan in the first quarter valued at approximately $87,627,000. Castle Hook Partners LP grew its position in Kinder Morgan by 108.2% in the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock worth $143,049,000 after acquiring an additional 4,053,793 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its stake in Kinder Morgan by 45.9% during the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after acquiring an additional 3,135,457 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,582 shares of company stock worth $4,073,082. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Down 1.9 %

Shares of KMI traded down $0.39 during midday trading on Friday, reaching $20.68. The stock had a trading volume of 18,941,191 shares, compared to its average volume of 17,440,460. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The company’s fifty day simple moving average is $20.14 and its two-hundred day simple moving average is $18.72. The company has a market cap of $45.90 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.92 and a beta of 0.93. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $21.86.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts expect that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.56%. Kinder Morgan’s payout ratio is currently 104.55%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KMI. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Barclays lifted their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 19th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.11.

Kinder Morgan Company 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.