Atlas Private Wealth Advisors Buys New Shares in Kinder Morgan, Inc. (NYSE:KMI)

Atlas Private Wealth Advisors purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,748 shares of the pipeline company’s stock, valued at approximately $233,000.

A number of other hedge funds also recently bought and sold shares of KMI. Newman Dignan & Sheerar Inc. grew its position in Kinder Morgan by 4.3% during the first quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock worth $242,000 after buying an additional 547 shares during the period. Accurate Wealth Management LLC increased its stake in Kinder Morgan by 2.6% in the 1st quarter. Accurate Wealth Management LLC now owns 22,598 shares of the pipeline company’s stock valued at $426,000 after purchasing an additional 568 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of Kinder Morgan by 2.2% in the second quarter. Simplicity Wealth LLC now owns 27,478 shares of the pipeline company’s stock valued at $546,000 after buying an additional 586 shares in the last quarter. Mutual Advisors LLC raised its position in Kinder Morgan by 0.7% during the first quarter. Mutual Advisors LLC now owns 90,237 shares of the pipeline company’s stock worth $1,655,000 after acquiring an additional 597 shares during the last quarter. Finally, Thoroughbred Financial Services LLC lifted its holdings in shares of Kinder Morgan by 2.1% in the fourth quarter. Thoroughbred Financial Services LLC now owns 30,018 shares of the pipeline company’s stock valued at $529,000 after purchasing an additional 610 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.2 %

Kinder Morgan stock traded down $0.05 during trading on Friday, reaching $21.02. The company had a trading volume of 13,464,669 shares, compared to its average volume of 14,286,494. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. 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’s 50 day moving average price is $20.30 and its two-hundred day moving average price is $18.85. The firm has a market capitalization of $46.65 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.92 and a beta of 0.93.

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). The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.47%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Insider Activity

In related news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. Insiders have sold 196,582 shares of company stock valued at $4,073,082 in the last three months. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several research reports. Truist Financial lifted their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Scotiabank boosted their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. UBS Group increased their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Barclays boosted their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 19th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.11.

Kinder Morgan Company Profile

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.