Parcion Private Wealth LLC Takes $533,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Parcion Private Wealth LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, HoldingsChannel reports. The fund purchased 24,132 shares of the pipeline company’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealthcare Advisory Partners LLC grew its position in Kinder Morgan by 17.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 43,710 shares of the pipeline company’s stock worth $802,000 after purchasing an additional 6,354 shares during the period. 180 Wealth Advisors LLC lifted its holdings in Kinder Morgan by 3.7% during the first quarter. 180 Wealth Advisors LLC now owns 18,421 shares of the pipeline company’s stock valued at $338,000 after purchasing an additional 652 shares in the last quarter. Jeppson Wealth Management LLC increased its stake in shares of Kinder Morgan by 3.4% during the first quarter. Jeppson Wealth Management LLC now owns 97,206 shares of the pipeline company’s stock worth $1,783,000 after purchasing an additional 3,152 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of Kinder Morgan by 49.9% during the 1st quarter. SteelPeak Wealth LLC now owns 48,938 shares of the pipeline company’s stock worth $898,000 after purchasing an additional 16,292 shares during the last quarter. Finally, LVW Advisors LLC lifted its stake in Kinder Morgan by 36.4% in the 1st quarter. LVW Advisors LLC now owns 24,226 shares of the pipeline company’s stock valued at $444,000 after buying an additional 6,464 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.1 %

KMI opened at $24.96 on Friday. The stock has a market capitalization of $55.45 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.46. Kinder Morgan, Inc. has a one year low of $15.91 and a one year high of $25.43. The business’s 50-day simple moving average is $22.42 and its 200-day simple moving average is $20.64.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.61%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Analysts Set New Price Targets

A number of equities analysts have commented on KMI shares. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Friday, July 19th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday, October 18th. Royal Bank of Canada raised their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Barclays increased their price target on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus upped their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $24.91.

Insider Activity 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 shares were sold at an average price of $21.04, for a total transaction of $529,555.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 817,040 shares of company stock worth $19,747,879 in the last three months. 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.