Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Excalibur Management Corp

Excalibur Management Corp lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,079 shares of the pipeline company’s stock after purchasing an additional 925 shares during the period. Excalibur Management Corp’s holdings in Kinder Morgan were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC increased its holdings in Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in Kinder Morgan in the 1st quarter worth $30,000. Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 1st quarter worth $31,000. OFI Invest Asset Management purchased a new stake in Kinder Morgan in the 1st quarter worth $31,000. Finally, AlphaMark Advisors LLC increased its holdings in Kinder Morgan by 92.5% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 925 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 1.6 %

Shares of NYSE:KMI opened at $21.47 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average of $21.04 and a two-hundred day moving average of $19.63. The stock has a market cap of $47.65 billion, a P/E ratio of 19.52, a PEG ratio of 2.90 and a beta of 0.93. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $21.86.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, research analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.36%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Insider Activity

In related news, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the transaction, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was 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. Over the last ninety days, insiders sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KMI has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. UBS Group boosted their price target on shares of Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Barclays increased their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, July 19th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.55.

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.