Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,211 shares of the pipeline company’s stock after acquiring an additional 4,453 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Kinder Morgan were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KMI. Stonegate Investment Group LLC boosted its holdings in Kinder Morgan by 26.3% in the 3rd quarter. Stonegate Investment Group LLC now owns 24,866 shares of the pipeline company’s stock worth $549,000 after acquiring an additional 5,183 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Kinder Morgan by 0.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 290,761 shares of the pipeline company’s stock worth $6,423,000 after purchasing an additional 1,349 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in shares of Kinder Morgan by 15.8% in the third quarter. Ellsworth Advisors LLC now owns 70,905 shares of the pipeline company’s stock valued at $1,566,000 after purchasing an additional 9,677 shares during the period. Drake & Associates LLC grew its holdings in Kinder Morgan by 20.1% during the 3rd quarter. Drake & Associates LLC now owns 17,255 shares of the pipeline company’s stock valued at $381,000 after purchasing an additional 2,883 shares in the last quarter. Finally, Compass Wealth Management LLC increased its stake in Kinder Morgan by 5.5% during the 3rd quarter. Compass Wealth Management LLC now owns 120,413 shares of the pipeline company’s stock worth $2,660,000 after buying an additional 6,328 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were 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 directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 25,169 shares in the company, valued at $534,841.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,311 shares of company stock worth $3,121,891. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMI. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday. Barclays raised their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Scotiabank upped their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Finally, Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $24.27.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $24.95 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The firm has a 50-day simple moving average of $22.12 and a 200 day simple moving average of $20.47. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $25.43. The company has a market cap of $55.37 billion, a PE ratio of 22.68, a P/E/G ratio of 3.27 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

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.