Advisors Capital Management LLC Boosts Holdings in Kinder Morgan, Inc. $KMI

Advisors Capital Management LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,834,730 shares of the pipeline company’s stock after purchasing an additional 71,646 shares during the quarter. Kinder Morgan makes up approximately 1.0% of Advisors Capital Management LLC’s portfolio, making the stock its 21st largest holding. Advisors Capital Management LLC’s holdings in Kinder Morgan were worth $80,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan during the second quarter worth $26,000. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan during the 2nd quarter valued at about $35,000. Private Wealth Management Group LLC grew its position in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of Kinder Morgan by 314.6% in the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the second quarter worth about $40,000. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director William A. Smith acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the acquisition, the director directly owned 31,087 shares in the company, valued at $924,838.25. The trade was a 10.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 139,428 shares in the company, valued at $4,182,840. This trade represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 38,498 shares of company stock worth $1,126,515. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on KMI shares. Stifel Nicolaus raised their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. UBS Group reiterated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Mizuho reduced their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. TD Cowen increased their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley reissued a “buy” rating on shares of Kinder Morgan in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.38.

Kinder Morgan Stock Down 0.7%

Shares of KMI opened at $32.08 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The business has a fifty day moving average of $28.51 and a 200 day moving average of $27.58. The company has a market cap of $71.37 billion, a PE ratio of 23.42, a P/E/G ratio of 2.66 and a beta of 0.70. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $32.58.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.