Kinder Morgan, Inc. (NYSE:KMI) Stake Boosted by World Equity Group Inc.

World Equity Group Inc. increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 78.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,557 shares of the pipeline company’s stock after purchasing an additional 8,600 shares during the quarter. World Equity Group Inc.’s holdings in Kinder Morgan were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Simplicity Solutions LLC grew its stake in Kinder Morgan by 6.7% during the 4th quarter. Simplicity Solutions LLC now owns 25,667 shares of the pipeline company’s stock valued at $453,000 after acquiring an additional 1,621 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Kinder Morgan during the 4th quarter valued at about $2,062,000. Mackenzie Financial Corp grew its stake in Kinder Morgan by 9.7% during the 4th quarter. Mackenzie Financial Corp now owns 740,856 shares of the pipeline company’s stock valued at $13,069,000 after acquiring an additional 65,452 shares in the last quarter. Flputnam Investment Management Co. grew its stake in shares of Kinder Morgan by 6.8% in the 4th quarter. Flputnam Investment Management Co. now owns 16,789 shares of the pipeline company’s stock valued at $296,000 after buying an additional 1,076 shares in the last quarter. Finally, SVB Wealth LLC grew its stake in shares of Kinder Morgan by 15.9% in the 4th quarter. SVB Wealth LLC now owns 120,240 shares of the pipeline company’s stock valued at $2,121,000 after buying an additional 16,459 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.1 %

Shares of NYSE:KMI traded down $0.03 during trading on Friday, hitting $21.08. 8,170,525 shares of the company’s stock traded hands, compared to its average volume of 14,122,785. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.86. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The company has a market cap of $46.78 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. The company has a 50-day moving average price of $20.43 and a 200-day moving average price of $18.98.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the business posted $0.24 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Analysts Set New Price Targets

Several equities research analysts recently commented on KMI shares. UBS Group boosted their price target on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Scotiabank boosted their price target on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Barclays boosted their price target on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday, July 19th. Finally, Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Seven research 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.com, the company has an average rating of “Moderate Buy” and an average price target of $22.11.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 25,169 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 198,311 shares of company stock valued at $4,109,391. 12.64% of the stock is owned by insiders.

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.