Uncommon Cents Investing LLC Invests $191,000 in Kinder Morgan, Inc. (NYSE:KMI)

Uncommon Cents Investing LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMIGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,380 shares of the pipeline company’s stock, valued at approximately $191,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. City State Bank acquired a new stake in Kinder Morgan in the 4th quarter valued at approximately $25,000. Joseph P. Lucia & Associates LLC acquired a new stake in Kinder Morgan in the 1st quarter valued at approximately $29,000. Quent Capital LLC raised its position in Kinder Morgan by 136.2% in the 1st quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company’s stock valued at $31,000 after buying an additional 940 shares during the last quarter. Toth Financial Advisory Corp raised its position in Kinder Morgan by 177.2% in the 1st quarter. Toth Financial Advisory Corp now owns 1,663 shares of the pipeline company’s stock valued at $31,000 after buying an additional 1,063 shares during the last quarter. Finally, American National Bank raised its position in Kinder Morgan by 63.6% in the 1st quarter. American National Bank now owns 1,667 shares of the pipeline company’s stock valued at $32,000 after buying an additional 648 shares during the last quarter. Institutional investors and hedge funds own 61.12% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.83 during midday trading on Friday, hitting $16.49. 508,924 shares of the company’s stock were exchanged, compared to its average volume of 16,075,442. The firm has a market capitalization of $37.15 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 4.87 and a beta of 0.92. The company’s 50 day moving average price is $18.12 and its 200 day moving average price is $18.30. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 12 month low of $15.01 and a 12 month high of $20.20.

Kinder Morgan (NYSE:KMIGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm’s revenue for the quarter was up 63.5% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, July 29th. This represents a $1.11 annualized dividend and a yield of 6.73%. Kinder Morgan’s payout ratio is currently 103.74%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the completion of the transaction, the vice president now directly owns 27,219 shares of the company’s stock, valued at approximately $521,788.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kinder Morgan news, VP John W. Schlosser sold 3,000 shares of Kinder Morgan stock in a transaction on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now directly owns 28,719 shares of the company’s stock, valued at approximately $516,942. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $19.17, for a total value of $28,755.00. Following the completion of the transaction, the vice president now directly owns 27,219 shares of the company’s stock, valued at $521,788.23. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMI. The Goldman Sachs Group raised Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price on the stock in a research report on Wednesday, September 7th. Barclays raised their price target on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. US Capital Advisors restated a “hold” rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. Finally, UBS Group raised their price target on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Hold” and a consensus target price of $21.00.

Kinder Morgan Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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

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