Ignite Planners LLC Purchases Shares of 9,620 Kinder Morgan, Inc. (NYSE:KMI)

Ignite Planners LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,620 shares of the pipeline company’s stock, valued at approximately $213,000.

A number of other institutional investors have also recently added to or reduced their stakes in KMI. True Wealth Design LLC grew its position in Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 1,389 shares during the period. Pathway Financial Advisers LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $30,000. HWG Holdings LP purchased a new stake in Kinder Morgan during the second quarter valued at about $30,000. OFI Invest Asset Management purchased a new stake in Kinder Morgan during the first quarter valued at about $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.1 %

Shares of KMI opened at $23.32 on Wednesday. The company has a market capitalization of $51.76 billion, a P/E ratio of 21.20, a P/E/G ratio of 3.09 and a beta of 0.93. Kinder Morgan, Inc. has a one year low of $15.91 and a one year high of $23.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The stock has a 50-day moving average price of $21.49 and a 200 day moving average price of $20.10.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.93%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is currently 104.55%.

Analyst Upgrades and Downgrades

KMI has been the subject of several analyst reports. Morgan Stanley raised Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price for the company in a research report on Monday, September 16th. Scotiabank upped their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Royal Bank of Canada upped their target price 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 upped their target price on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Finally, UBS Group upped their target price on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.80.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,311 shares of company stock worth $3,121,891 over the last quarter. 12.64% of the stock is owned by corporate insiders.

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.