Activest Wealth Management Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

Activest Wealth Management lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 63.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,478 shares of the pipeline company’s stock after purchasing an additional 571 shares during the period. Activest Wealth Management’s holdings in Kinder Morgan were worth $33,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KMI. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares in the last quarter. HM Payson & Co. lifted its holdings in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares during the last quarter. HWG Holdings LP purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth approximately $30,000. Finally, ZRC Wealth Management LLC bought a new position in Kinder Morgan during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 2.0 %

KMI opened at $28.57 on Friday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.67. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a 50-day simple moving average of $24.41 and a two-hundred day simple moving average of $21.73. The company has a market capitalization of $63.46 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 3.86 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for 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%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.03%. Kinder Morgan’s payout ratio is currently 100.88%.

Analysts Set New Price Targets

Several research firms have recently issued reports on KMI. UBS Group lifted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Bank of America assumed 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. Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. Finally, Barclays raised their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.36.

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.