Edge Capital Group LLC Sells 910 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Edge Capital Group LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,137 shares of the pipeline company’s stock after selling 910 shares during the quarter. Edge Capital Group LLC’s holdings in Kinder Morgan were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC lifted its holdings in shares of 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. Pathway Financial Advisers LLC acquired a new position in Kinder Morgan in the first quarter worth about $30,000. Redmont Wealth Advisors LLC bought a new position in Kinder Morgan during the first quarter worth about $31,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan during the first quarter valued at approximately $31,000. Finally, AlphaMark Advisors LLC grew its stake in shares of Kinder Morgan by 92.5% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 925 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI stock opened at $21.79 on Monday. The company has a 50 day moving average price of $21.16 and a 200 day moving average price of $19.74. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $21.88. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The stock has a market capitalization of $48.36 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93.

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 firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 5.28%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Wall Street Analyst Weigh In

Several analysts recently commented on KMI shares. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price target on the stock in a research report on Monday, September 16th. Finally, Barclays raised their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.55.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now owns 25,169 shares in the company, valued at approximately $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 quarter. 12.64% of the stock is owned by company insiders.

Kinder Morgan Company 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.