SeaCrest Wealth Management LLC Raises Stake in Kinder Morgan, Inc. (NYSE:KMI)

SeaCrest Wealth Management LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,933 shares of the pipeline company’s stock after acquiring an additional 978 shares during the period. SeaCrest Wealth Management LLC’s holdings in Kinder Morgan were worth $376,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KMI. Vanguard Group Inc. raised its holdings in Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after buying an additional 27,254,172 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kinder Morgan by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock worth $506,320,000 after buying an additional 317,980 shares during the last quarter. Norges Bank bought a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $409,063,000. Dimensional Fund Advisors LP grew its stake in shares of Kinder Morgan by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock worth $289,087,000 after acquiring an additional 2,309,550 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Kinder Morgan by 23.6% in the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock worth $204,319,000 after acquiring an additional 2,125,648 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

KMI traded down $0.06 on Wednesday, hitting $20.97. 2,490,729 shares of the company’s stock traded hands, compared to its average volume of 13,997,966. The company’s 50 day simple moving average is $20.49 and its 200-day simple moving average is $19.05. The firm has a market cap of $46.54 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.92 and a beta of 0.93. Kinder Morgan, Inc. has a one year low of $15.89 and a one year 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.

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

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction that occurred 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 completion of the transaction, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was 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 owns 307,409 shares in the company, valued at approximately $6,455,589. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the transaction, the president now owns 916,773 shares in the company, valued at $19,261,400.73. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock valued at $3,121,891 in the last quarter. 12.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KMI has been the subject of a number of research analyst reports. Scotiabank lifted their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. Barclays upped their price objective on Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $22.11.

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.