Kinder Morgan, Inc. $KMI Shares Newly Acquired by Partners Wealth Management LLC

Partners Wealth Management LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 24,219 shares of the pipeline company’s stock, valued at approximately $730,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after buying an additional 1,875,143 shares during the last quarter. State Street Corp grew its position in shares of Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after buying an additional 5,361,578 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Kinder Morgan by 1.4% in the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after buying an additional 836,571 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kinder Morgan by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock worth $577,998,000 after buying an additional 448,130 shares during the last quarter. Finally, Amundi raised its holdings in Kinder Morgan by 5.8% in the first quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock valued at $507,332,000 after acquiring an additional 831,125 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $33.90 on Friday. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a current ratio of 0.67, a quick ratio of 0.36 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $75.52 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 2.36 and a beta of 0.59. The business has a 50 day simple moving average of $32.06 and a 200-day simple moving average of $32.03.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.57 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.2975 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.19 annualized dividend and a yield of 3.5%. Kinder Morgan’s payout ratio is presently 73.46%.

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the transaction, the vice president directly owned 47,313 shares in the company, valued at approximately $1,592,082.45. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Argus increased their price objective on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. UBS Group reissued a “buy” rating on shares of Kinder Morgan in a research report on Tuesday. Melius Research initiated coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 target price on the stock. Royal Bank Of Canada upped their target price on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, TD Cowen increased their price target on shares of Kinder Morgan from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.15.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.