Kinder Morgan, Inc. (NYSE:KMI) Stock Position Boosted by Raymond James & Associates

Raymond James & Associates lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,397,883 shares of the pipeline company’s stock after purchasing an additional 158,435 shares during the period. Raymond James & Associates owned about 0.20% of Kinder Morgan worth $87,386,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KMI. True Wealth Design LLC lifted its position in shares of Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after buying an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $26,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan in the 1st quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in Kinder Morgan during the first quarter worth $31,000. Finally, OFI Invest Asset Management bought a new stake in Kinder Morgan in the first quarter valued at about $31,000. 62.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Kinder Morgan Stock Down 0.1 %

Shares of KMI stock traded down $0.03 during trading hours on Friday, reaching $21.08. The company had a trading volume of 8,170,525 shares, compared to its average volume of 14,122,785. The business has a fifty day simple moving average of $20.43 and a 200-day simple moving average of $18.98. The company has a market cap of $46.78 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $21.86.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, research analysts expect that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.46%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the sale, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the business’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 value 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,311 shares of company stock valued at $4,109,391. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan 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.