Benjamin Edwards Inc. Acquires 571 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Benjamin Edwards Inc. lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,967 shares of the pipeline company’s stock after acquiring an additional 571 shares during the quarter. Benjamin Edwards Inc.’s holdings in Kinder Morgan were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC raised its holdings in shares of Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan during the 1st quarter valued at $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the 1st quarter worth about $31,000. OFI Invest Asset Management bought a new position in shares of Kinder Morgan in the 1st quarter worth about $31,000. Finally, AlphaMark Advisors LLC lifted its position in Kinder Morgan by 92.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock valued at $38,000 after acquiring an additional 925 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other 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 owns 307,409 shares in the company, valued at approximately $6,455,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the company’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 completion of the sale, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 148,311 shares of company stock valued at $3,121,891. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price objective for the company in a research note on Monday, September 16th. Royal Bank of Canada increased their target price 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. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Friday, July 19th. Finally, UBS Group increased their price objective on shares of Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.55.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $21.79 on Friday. The firm’s 50-day moving average price is $21.16 and its 200-day moving average price is $19.73. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $21.88. The company has a market cap of $48.36 billion, a PE ratio of 19.81, a PEG ratio of 2.90 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 (NYSE:KMI) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $3.57 billion during 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 for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS 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 $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio 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.