Kavar Capital Partners LLC Acquires Shares of 7,990 Kinder Morgan Inc (NYSE:KMI)

Kavar Capital Partners LLC acquired a new stake in shares of Kinder Morgan Inc (NYSE:KMI) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 7,990 shares of the pipeline company’s stock, valued at approximately $167,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Baugh & Associates LLC boosted its position in shares of Kinder Morgan by 0.3% during the 2nd quarter. Baugh & Associates LLC now owns 189,197 shares of the pipeline company’s stock valued at $3,950,000 after acquiring an additional 495 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Kinder Morgan by 2.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 18,851 shares of the pipeline company’s stock valued at $394,000 after acquiring an additional 497 shares during the last quarter. Osborn Williams & Donohoe LLC boosted its position in shares of Kinder Morgan by 1.2% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 41,993 shares of the pipeline company’s stock valued at $877,000 after acquiring an additional 500 shares during the last quarter. First Bank & Trust boosted its position in shares of Kinder Morgan by 10.7% during the 2nd quarter. First Bank & Trust now owns 5,229 shares of the pipeline company’s stock valued at $109,000 after acquiring an additional 507 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Kinder Morgan by 0.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 114,016 shares of the pipeline company’s stock valued at $2,282,000 after acquiring an additional 520 shares during the last quarter. 62.82% of the stock is owned by institutional investors and hedge funds.

In other Kinder Morgan news, insider Richard D. Kinder bought 300,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average cost of $19.68 per share, for a total transaction of $5,904,000.00. Following the completion of the transaction, the insider now owns 241,179,496 shares in the company, valued at $4,746,412,481.28. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 13.95% of the stock is currently owned by company insiders.

KMI has been the subject of a number of analyst reports. ValuEngine downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Johnson Rice initiated coverage on Kinder Morgan in a research report on Thursday, May 30th. They issued a “hold” rating and a $21.00 price target for the company. BMO Capital Markets downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a research report on Monday, July 29th. Stifel Nicolaus downgraded Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Monday, June 17th. Finally, Zacks Investment Research restated a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a research report on Saturday, June 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Kinder Morgan has an average rating of “Hold” and an average target price of $21.75.

Shares of KMI opened at $19.88 on Friday. The company has a market cap of $46.43 billion, a PE ratio of 22.34, a P/E/G ratio of 4.30 and a beta of 0.86. The business has a fifty day moving average of $20.68 and a 200 day moving average of $20.03. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $21.50. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 0.96.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, research analysts anticipate that Kinder Morgan Inc will post 0.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 30th. This represents a $1.00 annualized dividend and a dividend yield of 5.03%. Kinder Morgan’s dividend payout ratio (DPR) is 112.36%.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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