Prime Capital Investment Advisors LLC Buys 5,984 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Prime Capital Investment Advisors LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,865 shares of the pipeline company’s stock after acquiring an additional 5,984 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Kinder Morgan were worth $1,212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwest Investment Counselors LLC bought a new position in Kinder Morgan during the 3rd quarter worth about $28,000. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan during the first quarter worth about $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan in the 2nd quarter valued at approximately $30,000. Strategic Financial Concepts LLC acquired a new position in Kinder Morgan during the 2nd quarter worth approximately $31,000. Finally, HM Payson & Co. grew its stake in shares of Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

NYSE:KMI opened at $26.77 on Friday. The firm’s fifty day moving average price is $23.61 and its two-hundred day moving average price is $21.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The company has a market cap of $59.46 billion, a P/E ratio of 23.48, a P/E/G ratio of 3.74 and a beta of 0.91. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $27.58.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insider Activity

In other news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent research reports. Barclays increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price objective on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Stifel Nicolaus raised their price target on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.09.

Kinder Morgan 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.