Mid Atlantic Financial Management Inc. ADV Has $1.07 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Mid Atlantic Financial Management Inc. ADV raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 57.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,661 shares of the pipeline company’s stock after purchasing an additional 21,313 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Kinder Morgan were worth $1,069,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in Kinder Morgan by 2.9% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 20,680 shares of the pipeline company’s stock valued at $344,000 after purchasing an additional 575 shares during the period. Argent Trust Co raised its stake in Kinder Morgan by 1.5% during the 2nd quarter. Argent Trust Co now owns 41,059 shares of the pipeline company’s stock valued at $749,000 after purchasing an additional 589 shares during the period. Beacon Investment Advisory Services Inc. raised its stake in Kinder Morgan by 3.6% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 17,025 shares of the pipeline company’s stock valued at $283,000 after purchasing an additional 598 shares during the period. Altus Wealth Group LLC raised its stake in Kinder Morgan by 2.3% during the 1st quarter. Altus Wealth Group LLC now owns 26,700 shares of the pipeline company’s stock valued at $458,000 after purchasing an additional 600 shares during the period. Finally, Requisite Capital Management LLC raised its stake in Kinder Morgan by 0.9% during the 2nd quarter. Requisite Capital Management LLC now owns 70,909 shares of the pipeline company’s stock valued at $1,293,000 after purchasing an additional 600 shares during the period. 59.33% of the stock is currently owned by institutional investors.

KMI has been the topic of a number of research reports. The Goldman Sachs Group downgraded shares of Kinder Morgan from a “neutral” rating to a “sell” rating in a research note on Sunday, June 13th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Kinder Morgan in a research note on Wednesday, May 19th. Mizuho upped their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, July 22nd. Stifel Nicolaus downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research note on Tuesday, June 15th. Finally, TD Securities increased their target price on shares of Kinder Morgan from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, June 3rd. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.93.

In other news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction on Friday, June 25th. The shares were sold at an average price of $18.23, for a total transaction of $27,345.00. Following the transaction, the vice president now directly owns 42,219 shares of the company’s stock, valued at $769,652.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas A. Martin sold 66,607 shares of Kinder Morgan stock in a transaction on Friday, August 6th. The stock was sold at an average price of $17.08, for a total transaction of $1,137,647.56. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by company insiders.

Shares of Kinder Morgan stock opened at $16.01 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.85 and a quick ratio of 0.77. The firm has a market cap of $36.29 billion, a P/E ratio of 21.35, a P/E/G ratio of 4.09 and a beta of 1.12. The firm has a 50 day simple moving average of $17.03 and a 200 day simple moving average of $17.27. Kinder Morgan, Inc. has a fifty-two week low of $11.45 and a fifty-two week high of $19.29.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Tuesday, July 20th. The pipeline company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Kinder Morgan had a net margin of 11.91% and a return on equity of 9.34%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $0.17 earnings per share. Kinder Morgan’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Shareholders of record on Monday, August 2nd were paid a $0.27 dividend. The ex-dividend date was Friday, July 30th. This represents a $1.08 dividend on an annualized basis and a yield of 6.75%. Kinder Morgan’s payout ratio is presently 122.73%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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