Signature Estate & Investment Advisors LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Signature Estate & Investment Advisors LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,547 shares of the pipeline company’s stock, valued at approximately $229,000.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Norges Bank purchased a new position in Kinder Morgan in the 4th quarter valued at $409,063,000. Confluence Investment Management LLC purchased a new stake in Kinder Morgan in the 1st quarter valued at $87,627,000. Castle Hook Partners LP raised its position in Kinder Morgan by 108.2% in the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after purchasing an additional 4,053,793 shares during the period. Finally, Kayne Anderson Capital Advisors LP grew its holdings in shares of Kinder Morgan by 45.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after purchasing an additional 3,135,457 shares during the period. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on KMI. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 19th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. UBS Group boosted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Eight 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Kinder Morgan Trading Up 0.4 %

NYSE KMI traded up $0.08 during trading on Tuesday, reaching $21.50. 1,830,294 shares of the stock traded hands, compared to its average volume of 13,904,668. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $21.86. 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 firm has a market cap of $47.72 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. The stock’s 50-day moving average price is $20.61 and its 200 day moving average price is $19.18.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the previous year, the business posted $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Insider Buying and Selling at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Kinder Morgan news, 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,311 shares of company stock worth $3,121,891. Insiders own 12.64% of the company’s stock.

About Kinder Morgan

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.