OMC Financial Services LTD Has $484,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

OMC Financial Services LTD decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,381 shares of the pipeline company’s stock after selling 800 shares during the quarter. OMC Financial Services LTD’s holdings in Kinder Morgan were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Premier Path Wealth Partners LLC raised its stake in Kinder Morgan by 1.4% in the second quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock valued at $785,000 after buying an additional 545 shares during the period. Newman Dignan & Sheerar Inc. raised its stake in Kinder Morgan by 4.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock valued at $242,000 after buying an additional 547 shares during the period. First Horizon Advisors Inc. raised its stake in Kinder Morgan by 4.4% in the second quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock valued at $267,000 after buying an additional 566 shares during the period. Simplicity Wealth LLC raised its stake in Kinder Morgan by 2.2% in the second quarter. Simplicity Wealth LLC now owns 27,478 shares of the pipeline company’s stock valued at $546,000 after buying an additional 586 shares during the period. Finally, Mutual Advisors LLC raised its stake in Kinder Morgan by 0.7% in the first quarter. Mutual Advisors LLC now owns 90,237 shares of the pipeline company’s stock valued at $1,655,000 after buying an additional 597 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded up $0.15 during trading on Friday, reaching $21.57. 26,107,044 shares of the company traded hands, compared to its average volume of 13,968,380. The company’s 50 day moving average is $20.70 and its two-hundred day moving average is $19.24. The firm has a market capitalization of $47.87 billion, a PE ratio of 19.61, a PEG ratio of 2.92 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.86.

Kinder Morgan (NYSE:KMI) last released its earnings results 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 company had revenue of $3.57 billion for 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 business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.33%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. 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 research note on Tuesday, July 30th. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, Stifel Nicolaus increased their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday. Eight investment 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.20.

Insider Buying and Selling

In related news, VP Dax Sanders sold 1,729 shares of the company’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 sale, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP Dax Sanders sold 1,729 shares of the company’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 sale, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction 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 sale, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock worth $3,121,891 in the last ninety days. 12.64% of the stock is owned by insiders.

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.