Regal Investment Advisors LLC Acquires 13,628 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Regal Investment Advisors LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,787 shares of the pipeline company’s stock after buying an additional 13,628 shares during the period. Regal Investment Advisors LLC’s holdings in Kinder Morgan were worth $2,897,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KMI. Quarry LP purchased a new position in shares of Kinder Morgan during the 2nd quarter worth $52,000. Second Line Capital LLC bought a new stake in shares of Kinder Morgan in the second quarter worth about $204,000. William B. Walkup & Associates Inc. bought a new stake in shares of Kinder Morgan in the second quarter worth about $2,555,000. NewEdge Advisors LLC increased its holdings in shares of Kinder Morgan by 30.7% in the second quarter. NewEdge Advisors LLC now owns 291,085 shares of the pipeline company’s stock worth $5,784,000 after purchasing an additional 68,308 shares during the last quarter. Finally, Silver Lake Advisory LLC increased its stake in Kinder Morgan by 2.0% during the second quarter. Silver Lake Advisory LLC now owns 239,335 shares of the pipeline company’s stock worth $4,756,000 after acquiring an additional 4,664 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction that occurred 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 approximately $534,841.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction 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 transaction, the president now directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. 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. Insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 1.4 %

Shares of Kinder Morgan stock opened at $22.10 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $22.33. The firm has a market cap of $49.04 billion, a PE ratio of 20.09, a P/E/G ratio of 3.09 and a beta of 0.93. The business’s fifty day moving average is $21.30 and its two-hundred day moving average is $19.92. 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 (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 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 period last year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Analyst Ratings Changes

Several brokerages have issued reports on KMI. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Stifel Nicolaus boosted their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price target for the company in a report on Monday, September 16th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 19th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.55.

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.