RiverFront Investment Group LLC Purchases 1,858 Shares of Kinder Morgan, Inc. (NYSE:KMI)

RiverFront Investment Group LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,561 shares of the pipeline company’s stock after purchasing an additional 1,858 shares during the period. RiverFront Investment Group LLC’s holdings in Kinder Morgan were worth $627,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KMI. LSV Asset Management acquired a new position in shares of Kinder Morgan during the first quarter worth approximately $8,818,000. Brevan Howard Capital Management LP acquired a new position in Kinder Morgan during the 4th quarter valued at $2,101,000. Duality Advisers LP boosted its holdings in Kinder Morgan by 42.7% in the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after purchasing an additional 94,984 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in Kinder Morgan by 221.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock worth $4,615,000 after purchasing an additional 173,313 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Kinder Morgan by 6.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 2,545,943 shares of the pipeline company’s stock worth $46,726,000 after purchasing an additional 144,687 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 2.3 %

Shares of KMI stock opened at $22.59 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $50.14 billion, a P/E ratio of 20.54, a P/E/G ratio of 3.09 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $22.63. The firm has a 50-day moving average price of $21.31 and a 200 day moving average price of $19.95.

Kinder Morgan (NYSE:KMI) last released its quarterly 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). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.09%. Kinder Morgan’s dividend payout ratio is 104.55%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KMI shares. JPMorgan Chase & Co. increased 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. Barclays lifted their price objective on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Stifel Nicolaus upped their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. UBS Group raised 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. Finally, Morgan Stanley raised 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 report on Monday, September 16th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and a consensus target price of $22.55.

Insider Buying and Selling

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares of the company’s stock, valued at $534,841.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the transaction, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction on Wednesday, July 24th. The shares were 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 directly owns 25,169 shares of the company’s stock, 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 worth $3,121,891 in the last 90 days. Corporate insiders own 12.64% of the company’s stock.

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.