10,328 Shares in Kinder Morgan, Inc. (NYSE:KMI) Bought by Maia Wealth LLC

Maia Wealth LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,328 shares of the pipeline company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC increased its position in Kinder Morgan by 6.7% during the fourth quarter. Bleakley Financial Group LLC now owns 25,667 shares of the pipeline company’s stock worth $453,000 after buying an additional 1,621 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Kinder Morgan by 61.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 33,264 shares of the pipeline company’s stock worth $587,000 after acquiring an additional 12,656 shares during the period. Financial Counselors Inc. acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $183,000. Cerity Partners LLC increased its holdings in shares of Kinder Morgan by 2.6% during the 4th quarter. Cerity Partners LLC now owns 683,200 shares of the pipeline company’s stock worth $12,051,000 after acquiring an additional 17,256 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in Kinder Morgan by 95.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 25,047 shares of the pipeline company’s stock valued at $442,000 after acquiring an additional 12,259 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.0 %

Shares of KMI traded down $0.01 during trading hours on Wednesday, reaching $20.91. The stock had a trading volume of 362,115 shares, compared to its average volume of 14,124,117. The firm has a 50-day simple moving average of $20.36 and a 200 day simple moving average of $18.91. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $21.86. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $46.41 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 2.92 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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). The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. Equities research analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal 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 paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the transaction, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The disclosure for this sale can be found here. Insiders have sold 196,582 shares of company stock valued at $4,073,082 in the last three months. 12.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on KMI. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. UBS Group boosted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently 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.