Benjamin F. Edwards & Company Inc. reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 68.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,238 shares of the pipeline company's stock after selling 9,333 shares during the quarter. Benjamin F. Edwards & Company Inc.'s holdings in Kinder Morgan were worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. City State Bank acquired a new position in Kinder Morgan during the 4th quarter valued at $25,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $29,000. Toth Financial Advisory Corp raised its stake in shares of 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 in the last quarter. American National Bank raised its stake in shares of 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 in the last quarter. Finally, US Asset Management LLC bought a new stake in shares of Kinder Morgan in the 1st quarter worth about $35,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.
Get Kinder Morgan alerts:Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. Barclays lowered their target price on shares of Kinder Morgan from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 20th. Mizuho upped their target price on shares of Kinder Morgan from $21.00 to $22.00 in a report on Thursday, April 21st. Wolfe Research lowered shares of Kinder Morgan from a "peer perform" rating to an "underperform" rating and increased their price objective for the stock from $17.00 to $18.00 in a report on Monday, April 11th. UBS Group increased their price objective on shares of Kinder Morgan to $25.00 in a report on Friday, July 22nd. Finally, TD Securities increased their price objective on shares of Kinder Morgan from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $21.14.
Insiders Place Their Bets
In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $19.21, for a total transaction of $28,815.00. Following the sale, the vice president now directly owns 31,719 shares in the company, valued at approximately $609,321.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP John W. Schlosser sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $18.00, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total transaction of $28,815.00. Following the transaction, the vice president now directly owns 31,719 shares of the company's stock, valued at $609,321.99. The disclosure for this sale can be found here. Corporate insiders own 12.51% of the company's stock.Kinder Morgan Stock Performance
Shares of NYSE:KMI opened at $17.90 on Tuesday. The company has a market capitalization of $40.33 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 5.00 and a beta of 0.95. The firm's 50 day simple moving average is $17.81 and its 200 day simple moving average is $18.07. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.52 and a quick ratio of 0.42. Kinder Morgan, Inc. has a fifty-two week low of $15.01 and a fifty-two week high of $20.20.
Kinder Morgan (NYSE:KMI – Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, meeting analysts' consensus estimates of $0.27. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $3.67 billion. Kinder Morgan had a net margin of 13.76% and a return on equity of 7.82%. Kinder Morgan's revenue for the quarter was up 63.5% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.
Kinder Morgan Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, July 29th. This represents a $1.11 annualized dividend and a yield of 6.20%. Kinder Morgan's dividend payout ratio (DPR) is currently 103.74%.
About Kinder Morgan
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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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