Cetera Advisors LLC Purchases 257,968 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Cetera Advisors LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 50.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 765,411 shares of the pipeline company’s stock after acquiring an additional 257,968 shares during the period. Cetera Advisors LLC’s holdings in Kinder Morgan were worth $14,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its stake in Kinder Morgan by 258.5% in the first quarter. Cetera Investment Advisers now owns 1,420,217 shares of the pipeline company’s stock valued at $26,047,000 after acquiring an additional 1,024,096 shares during the period. Swedbank AB acquired a new position in Kinder Morgan in the first quarter valued at about $6,882,000. Virtu Financial LLC acquired a new position in Kinder Morgan in the first quarter valued at about $525,000. Strategic Wealth Partners Ltd. grew its stake in Kinder Morgan by 36.7% in the first quarter. Strategic Wealth Partners Ltd. now owns 237,305 shares of the pipeline company’s stock valued at $4,352,000 after acquiring an additional 63,695 shares during the period. Finally, Highlander Capital Management LLC boosted its position in shares of Kinder Morgan by 2.6% during the first quarter. Highlander Capital Management LLC now owns 72,589 shares of the pipeline company’s stock worth $1,331,000 after buying an additional 1,821 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. Insiders have sold 196,582 shares of company stock valued at $4,073,082 over the last 90 days. 12.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMI. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Royal Bank of Canada upped their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Finally, Truist Financial upped their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Seven equities 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.11.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.39 during trading hours on Friday, reaching $20.68. 18,941,191 shares of the stock were exchanged, compared to its average volume of 17,440,460. The firm has a market capitalization of $45.90 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.86. The stock’s fifty day simple moving average is $20.14 and its 200 day simple moving average is $18.72.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is currently 104.55%.

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.