Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 16.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,758 shares of the pipeline company’s stock after purchasing an additional 8,479 shares during the quarter. Atomi Financial Group Inc.’s holdings in Kinder Morgan were worth $1,187,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. Cambridge Investment Research Advisors Inc. grew its position in shares of Kinder Morgan by 2.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 563,847 shares of the pipeline company’s stock valued at $11,204,000 after buying an additional 11,027 shares during the last quarter. AlphaStar Capital Management LLC increased its holdings in shares of Kinder Morgan by 12.5% in the 2nd quarter. AlphaStar Capital Management LLC now owns 55,370 shares of the pipeline company’s stock worth $1,100,000 after acquiring an additional 6,138 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in Kinder Morgan during the 2nd quarter valued at about $229,000. Allspring Global Investments Holdings LLC grew its position in Kinder Morgan by 5.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 97,930 shares of the pipeline company’s stock worth $1,946,000 after purchasing an additional 4,815 shares during the last quarter. Finally, MTM Investment Management LLC increased its stake in shares of Kinder Morgan by 2.5% in the second quarter. MTM Investment Management LLC now owns 310,040 shares of the pipeline company’s stock valued at $6,161,000 after purchasing an additional 7,599 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on KMI. Scotiabank raised their target price on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 19th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Barclays increased their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, UBS Group upped their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Eight investment 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

Insider Transactions at Kinder Morgan

In related news, VP Sital K. Mody sold 21,413 shares of the company’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 completion of the sale, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value 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 document filed with the SEC, which can be accessed through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock valued at $3,121,891 over the last ninety days. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.03 during trading on Tuesday, hitting $21.39. The company had a trading volume of 10,978,057 shares, compared to its average volume of 13,960,108. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.86. The business’s 50-day moving average is $20.61 and its 200 day moving average is $19.18. The company has a market cap of $47.47 billion, a P/E ratio of 19.45, a PEG ratio of 2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period last year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

About Kinder Morgan

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.