L. Roy Papp & Associates LLP Buys 5,072 Shares of Kinder Morgan, Inc. (NYSE:KMI)

L. Roy Papp & Associates LLP boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 22.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,327 shares of the pipeline company’s stock after acquiring an additional 5,072 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Kinder Morgan were worth $543,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC raised its stake in Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,389 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $26,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan during the first quarter worth $30,000. Redmont Wealth Advisors LLC bought a new position in Kinder Morgan during the 1st quarter valued at about $31,000. Finally, OFI Invest Asset Management bought a new position in shares of Kinder Morgan during the first quarter valued at approximately $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction that occurred 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 $19,261,400.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 over the last 90 days. 12.64% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Shares of KMI traded up $0.28 during trading hours on Friday, hitting $21.28. 11,350,830 shares of the stock were exchanged, compared to its average volume of 13,997,845. The company has a market cap of $47.23 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The stock’s 50-day moving average price is $20.54 and its two-hundred day moving average price is $19.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI) last issued 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 company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts expect that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.40%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Truist Financial lifted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Scotiabank upped their price objective 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. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Friday, July 19th. Finally, UBS Group upped their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.