Kavar Capital Partners LLC bought a new stake in Kinder Morgan Inc (NYSE:KMI) during the 2nd quarter, Holdings Channel.com reports. The fund bought 7,990 shares of the pipeline company’s stock, valued at approximately $167,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Redmond Asset Management LLC grew its stake in shares of Kinder Morgan by 3.9% during the second quarter. Redmond Asset Management LLC now owns 24,672 shares of the pipeline company’s stock worth $515,000 after acquiring an additional 932 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Kinder Morgan by 19.0% during the second quarter. Stephens Inc. AR now owns 360,575 shares of the pipeline company’s stock worth $7,529,000 after acquiring an additional 57,542 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in shares of Kinder Morgan during the second quarter worth about $130,000. B & T Capital Management DBA Alpha Capital Management purchased a new stake in shares of Kinder Morgan during the second quarter worth about $2,577,000. Finally, Amica Retiree Medical Trust purchased a new stake in shares of Kinder Morgan during the second quarter worth about $168,000. Institutional investors own 62.82% of the company’s stock.
A number of equities research analysts recently commented on KMI shares. ValuEngine downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Raymond James downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 target price for the company. in a report on Wednesday, June 26th. Johnson Rice started coverage on Kinder Morgan in a report on Thursday, May 30th. They set a “hold” rating and a $21.00 target price for the company. Stifel Nicolaus downgraded Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a report on Monday, June 17th. Finally, Zacks Investment Research reaffirmed a “buy” rating and set a $23.00 target price on shares of Kinder Morgan in a report on Saturday, June 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $21.75.
In related news, insider Richard D. Kinder purchased 300,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was bought at an average cost of $19.68 per share, with a total value of $5,904,000.00. Following the completion of the acquisition, the insider now owns 241,179,496 shares of the company’s stock, valued at approximately $4,746,412,481.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.95% of the company’s stock.
Shares of NYSE:KMI opened at $19.88 on Friday. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $21.50. The company has a market capitalization of $46.43 billion, a PE ratio of 22.34, a PEG ratio of 4.30 and a beta of 0.86. The business has a 50 day moving average of $20.68 and a two-hundred day moving average of $20.03. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 0.96.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year. Equities research analysts predict that Kinder Morgan Inc will post 0.95 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Tuesday, July 30th. Kinder Morgan’s payout ratio is presently 112.36%.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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