Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,813 shares of the pipeline company’s stock after purchasing an additional 776 shares during the period. Global Retirement Partners LLC’s holdings in Kinder Morgan were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of KMI. Park Avenue Securities LLC lifted its stake in shares of Kinder Morgan by 5.5% in the 1st quarter. Park Avenue Securities LLC now owns 46,023 shares of the pipeline company’s stock valued at $844,000 after purchasing an additional 2,379 shares during the last quarter. &PARTNERS acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $305,000. Austin Private Wealth LLC acquired a new position in Kinder Morgan during the 1st quarter worth about $195,000. Riverview Trust Co acquired a new position in Kinder Morgan during the 1st quarter worth about $59,000. Finally, Hoxton Planning & Management LLC lifted its stake in Kinder Morgan by 17.7% during the 1st quarter. Hoxton Planning & Management LLC now owns 14,629 shares of the pipeline company’s stock worth $268,000 after acquiring an additional 2,197 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.8 %

Shares of NYSE KMI opened at $24.75 on Tuesday. The stock has a market cap of $54.92 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 3.27 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 $15.91 and a 52-week high of $25.43. The business has a 50-day moving average price of $22.19 and a 200 day moving average price of $20.54.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.2875 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.65%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Analyst Upgrades and Downgrades

KMI has been the topic of several research reports. 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. Scotiabank increased their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday. 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, August 27th. Finally, Wells Fargo & Company increased their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.27.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the stock in a transaction that occurred 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 sale, the president now directly owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The trade was a 0.00 % decrease in their ownership of the stock. 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 in the last three months. 12.64% of the stock is currently owned by company 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.