Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 177,350 shares of the pipeline company’s stock after selling 27,900 shares during the period. Kinder Morgan accounts for about 3.0% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its 10th largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Kinder Morgan were worth $3,053,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in KMI. Moneta Group Investment Advisors LLC grew its position in Kinder Morgan by 102,208.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after buying an additional 41,030,376 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Kinder Morgan by 1,352.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after purchasing an additional 34,269,435 shares in the last quarter. Norges Bank bought a new position in shares of Kinder Morgan in the fourth quarter worth $256,613,000. Ensign Peak Advisors Inc raised its stake in Kinder Morgan by 53.4% in the first quarter. Ensign Peak Advisors Inc now owns 15,792,680 shares of the pipeline company’s stock valued at $276,530,000 after purchasing an additional 5,495,005 shares in the last quarter. Finally, Providence Capital Advisors LLC lifted its position in Kinder Morgan by 1,814.9% during the first quarter. Providence Capital Advisors LLC now owns 4,622,640 shares of the pipeline company’s stock worth $264,000,000 after purchasing an additional 4,381,240 shares during the period. Institutional investors own 62.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 target price on shares of Kinder Morgan in a research report on Thursday, July 20th. Barclays lowered their price objective on shares of Kinder Morgan from $20.00 to $19.00 in a research report on Tuesday, July 18th. Stifel Nicolaus lifted their price target on Kinder Morgan from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, August 1st. Wolfe Research upgraded Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, July 12th. Finally, StockNews.com assumed coverage on Kinder Morgan in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.22.

Insider Buying and Selling

In other Kinder Morgan news, VP Sital K. Mody sold 55,849 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $17.36, for a total transaction of $969,538.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Sital K. Mody sold 55,849 shares of Kinder Morgan stock in a transaction on Friday, August 4th. The shares were sold at an average price of $17.36, for a total value of $969,538.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 7,500 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the transaction, the vice president now directly owns 12,219 shares in the company, valued at $219,942. The disclosure for this sale can be found here. 12.64% of the stock is owned by insiders.

Kinder Morgan Trading Down 0.9 %

Shares of NYSE:KMI traded down $0.16 during mid-day trading on Tuesday, reaching $16.86. 5,430,808 shares of the company’s stock were exchanged, compared to its average volume of 12,803,979. The firm has a market capitalization of $37.57 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 5.16 and a beta of 0.96. Kinder Morgan, Inc. has a twelve month low of $16.00 and a twelve month high of $19.35. The business’s fifty day moving average price is $17.36 and its 200-day moving average price is $17.12. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.38 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Kinder Morgan had a return on equity of 7.79% and a net margin of 14.65%. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was down 32.0% on a year-over-year basis. On average, research analysts predict that Kinder Morgan, Inc. will post 1.1 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend was Friday, July 28th. Kinder Morgan’s dividend payout ratio is currently 101.80%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.