Kinder Morgan, Inc. $KMI Shares Sold by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 23.0% during the 3rd quarter, Holdings Channel reports. The firm owned 58,190 shares of the pipeline company’s stock after selling 17,415 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in Kinder Morgan were worth $1,647,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan during the second quarter worth approximately $26,000. CoreFirst Bank & Trust purchased a new position in shares of Kinder Morgan during the 2nd quarter worth $35,000. Private Wealth Management Group LLC boosted its holdings in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Kinder Morgan by 314.6% in the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,032 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Kinder Morgan in the second quarter valued at $40,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Royal Bank Of Canada lifted their price target on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Mizuho dropped their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. TD Cowen lifted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.38.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the transaction, the vice president owned 201,204 shares in the company, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,498 shares of company stock valued at $1,107,462 over the last three months. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 2.3%

KMI stock opened at $30.31 on Wednesday. The stock’s 50 day simple moving average is $27.71 and its 200 day simple moving average is $27.32. The company has a market cap of $67.42 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $30.57.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.