apricus wealth LLC Buys 1,775 Shares of Kinder Morgan, Inc. (NYSE:KMI)

apricus wealth LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 201,335 shares of the pipeline company’s stock after acquiring an additional 1,775 shares during the quarter. Kinder Morgan makes up 2.9% of apricus wealth LLC’s holdings, making the stock its 2nd largest holding. apricus wealth LLC’s holdings in Kinder Morgan were worth $4,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of KMI. Assenagon Asset Management S.A. boosted its position in shares of Kinder Morgan by 30.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock worth $88,534,000 after buying an additional 932,469 shares during the period. Pinnacle West Asset Management Inc. boosted its position in shares of Kinder Morgan by 0.5% in the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock worth $2,124,000 after buying an additional 500 shares during the period. Jackson Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the third quarter worth $2,638,000. Impact Partnership Wealth LLC acquired a new stake in shares of Kinder Morgan in the third quarter worth $217,000. Finally, Grimes & Company Inc. boosted its position in shares of Kinder Morgan by 6.6% in the third quarter. Grimes & Company Inc. now owns 13,410 shares of the pipeline company’s stock worth $296,000 after buying an additional 832 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $24.99 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The business has a 50-day moving average of $22.35 and a two-hundred day moving average of $20.61. The stock has a market capitalization of $55.46 billion, a P/E ratio of 22.72, a P/E/G ratio of 3.27 and a beta of 0.93. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $25.43.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.60%. Kinder Morgan’s payout ratio is presently 104.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KMI. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research report on Friday, October 18th. Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Scotiabank lifted their price objective 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. Finally, Barclays lifted their price objective on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $24.91.

Insider Transactions at Kinder Morgan

In related news, VP Sital K. Mody sold 25,169 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.04, for a total transaction of $529,555.76. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Sital K. Mody sold 25,169 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.04, for a total transaction of $529,555.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 817,040 shares of company stock worth $19,747,879. Company insiders own 12.64% of the company’s stock.

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.