Uncommon Cents Investing LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Uncommon Cents Investing LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,380 shares of the pipeline company’s stock, valued at approximately $191,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. City State Bank acquired a new stake in Kinder Morgan during the 4th quarter worth about $25,000. Joseph P. Lucia & Associates LLC purchased a new position in Kinder Morgan during the 1st quarter valued at about $29,000. Toth Financial Advisory Corp grew its stake in Kinder Morgan by 177.2% during the 1st quarter. Toth Financial Advisory Corp now owns 1,663 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 1,063 shares in the last quarter. Quent Capital LLC grew its stake in Kinder Morgan by 136.2% during the 1st quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 940 shares in the last quarter. Finally, American National Bank grew its stake in Kinder Morgan by 63.6% during the 1st quarter. American National Bank now owns 1,667 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 648 shares in the last quarter. Institutional investors and hedge funds own 61.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on KMI shares. The Goldman Sachs Group raised Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price on the stock in a research note on Wednesday, September 7th. US Capital Advisors reissued a “hold” rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. UBS Group boosted their price target on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Finally, 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 Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.00.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 3,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the sale, the vice president now owns 28,719 shares in the company, valued at $516,942. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total transaction of $28,755.00. Following the sale, the vice president now owns 27,219 shares in the company, valued at $521,788.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now owns 28,719 shares in the company, valued at approximately $516,942. The disclosure for this sale can be found here. Company insiders own 14.22% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI traded down $0.83 during trading hours on Friday, reaching $16.49. The company had a trading volume of 508,924 shares, compared to its average volume of 16,075,442. The stock has a 50-day moving average of $18.12 and a two-hundred day moving average of $18.30. Kinder Morgan, Inc. has a one year low of $15.01 and a one year high of $20.20. The firm has a market capitalization of $37.15 billion, a PE ratio of 16.19, a PEG ratio of 4.87 and a beta of 0.92. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMIGet Rating) last announced its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the business posted $0.23 earnings per share. The business’s revenue was up 63.5% compared to the same quarter last year. Analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date of this dividend was Friday, July 29th. Kinder Morgan’s dividend payout ratio (DPR) is 103.74%.

Kinder Morgan Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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