MCF Advisors LLC Acquires 5,320 Shares of Kinder Morgan, Inc. (NYSE:KMI)

MCF Advisors LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1,043.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,830 shares of the pipeline company’s stock after buying an additional 5,320 shares during the quarter. MCF Advisors LLC’s holdings in Kinder Morgan were worth $106,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KMI. FMR LLC lifted its position in Kinder Morgan by 12.0% during the 1st quarter. FMR LLC now owns 1,037,820 shares of the pipeline company’s stock worth $20,767,000 after buying an additional 111,096 shares in the last quarter. Victory Capital Management Inc. lifted its position in Kinder Morgan by 10.4% during the 1st quarter. Victory Capital Management Inc. now owns 1,570,906 shares of the pipeline company’s stock worth $26,156,000 after buying an additional 148,167 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Kinder Morgan by 11.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 505,121 shares of the pipeline company’s stock worth $8,410,000 after buying an additional 52,841 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Kinder Morgan by 26.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,960,381 shares of the pipeline company’s stock worth $32,640,000 after buying an additional 411,952 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Kinder Morgan by 73.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 65,303 shares of the pipeline company’s stock worth $1,087,000 after buying an additional 27,603 shares in the last quarter. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:KMI opened at $16.01 on Wednesday. The company’s 50 day moving average price is $17.03 and its two-hundred day moving average price is $17.27. Kinder Morgan, Inc. has a 12-month low of $11.45 and a 12-month high of $19.29. The firm has a market cap of $36.29 billion, a PE ratio of 21.35, a PEG ratio of 4.09 and a beta of 1.12. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.00.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Tuesday, July 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. Kinder Morgan had a net margin of 11.91% and a return on equity of 9.34%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue was up 23.0% compared to the same quarter last year. On average, research analysts expect that Kinder Morgan, Inc. will post 1.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 16th. Shareholders of record on Monday, August 2nd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, July 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.75%. Kinder Morgan’s payout ratio is presently 122.73%.

A number of brokerages have recently issued reports on KMI. Stifel Nicolaus cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a report on Tuesday, June 15th. Morgan Stanley cut shares of Kinder Morgan from an “equal weight” rating to an “underweight” rating and set a $18.00 target price on the stock. in a report on Wednesday, May 26th. TD Securities upped their target price on shares of Kinder Morgan from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, June 3rd. Piper Sandler upped their target price on shares of Kinder Morgan from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, June 17th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating on shares of Kinder Morgan in a report on Wednesday, May 19th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.93.

In related news, VP Thomas A. Martin sold 66,607 shares of the stock in a transaction that occurred on Friday, August 6th. The shares were sold at an average price of $17.08, for a total transaction of $1,137,647.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Friday, June 25th. The stock was sold at an average price of $18.23, for a total transaction of $27,345.00. Following the sale, the vice president now owns 42,219 shares in the company, valued at approximately $769,652.37. The disclosure for this sale can be found here. Corporate insiders own 14.22% of the company’s stock.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel.

Further Reading: Green Investing

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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