J.W. Cole Advisors Inc. Acquires 2,385 Shares of Kinder Morgan, Inc. (NYSE:KMI)

J.W. Cole Advisors Inc. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,103 shares of the pipeline company’s stock after buying an additional 2,385 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Kinder Morgan were worth $479,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KMI. Vanguard Group Inc. boosted its stake 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 valued at $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Norges Bank bought a new position in Kinder Morgan in the 4th quarter valued at approximately $409,063,000. Clearbridge Investments LLC grew its stake in shares of Kinder Morgan by 23.6% during the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock worth $204,319,000 after buying an additional 2,125,648 shares during the last quarter. Energy Income Partners LLC increased its holdings in shares of Kinder Morgan by 2.6% during the first quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock worth $196,558,000 after buying an additional 272,648 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its stake in shares of Kinder Morgan by 45.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after acquiring an additional 3,135,457 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In related news, VP Sital K. Mody sold 25,169 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total transaction of $529,555.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sital K. Mody sold 25,169 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total transaction of $529,555.76. The disclosure for this sale can be found here. Insiders have sold 148,311 shares of company stock valued at $3,121,891 in the last 90 days. 12.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KMI shares. Royal Bank of Canada boosted 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, July 30th. Barclays boosted their price target on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Scotiabank raised their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price on the stock in a research report on Monday. Finally, Truist Financial upped their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Nine 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.55.

Kinder Morgan Stock Up 0.4 %

Shares of NYSE:KMI opened at $21.56 on Wednesday. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $21.86. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The business’s 50-day moving average is $21.07 and its 200-day moving average is $19.66. The company has a market capitalization of $47.85 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.90 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last posted 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 business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. Kinder Morgan’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. Equities research analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 5.33%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Kinder Morgan Company 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.