Benjamin F. Edwards & Company Inc. Grows Stake in Kinder Morgan, Inc. (NYSE:KMI)

Benjamin F. Edwards & Company Inc. lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,744 shares of the pipeline company’s stock after purchasing an additional 38,975 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Kinder Morgan were worth $4,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Gilbert & Cook Inc. grew its holdings in shares of Kinder Morgan by 2.2% during the fourth quarter. Gilbert & Cook Inc. now owns 31,525 shares of the pipeline company’s stock valued at $556,000 after buying an additional 682 shares during the last quarter. SCP Investment LP bought a new stake in shares of Kinder Morgan in the 4th quarter worth $413,000. PNC Financial Services Group Inc. raised its stake in shares of Kinder Morgan by 44.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 327,975 shares of the pipeline company’s stock worth $5,785,000 after purchasing an additional 100,400 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Kinder Morgan by 27.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 23,895 shares of the pipeline company’s stock valued at $422,000 after purchasing an additional 5,172 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $606,000. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent analyst reports. UBS Group boosted their target price on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Scotiabank raised their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Wells Fargo & Company upgraded shares of 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 note on Tuesday, June 4th. Finally, Royal Bank of Canada raised their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.55.

Insider Buying and Selling

In other news, VP Dax Sanders sold 1,729 shares of the business’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 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 through this hyperlink. In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction that occurred 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 sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The sale was disclosed in a 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 company’s 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 completion of the transaction, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,311 shares of company stock valued at $3,121,891. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $21.79 on Friday. The business has a 50-day simple moving average of $21.16 and a two-hundred day simple moving average of $19.73. 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 $21.88. The stock has a market cap of $48.36 billion, a price-to-earnings ratio of 19.81, a PEG 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 (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the prior year, the company posted $0.24 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

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

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.