RWA Wealth Partners LLC Boosts Stock Holdings in Kinder Morgan, Inc. $KMI

RWA Wealth Partners LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 342.2% during the third quarter, Holdings Channel.com reports. The firm owned 57,557 shares of the pipeline company’s stock after purchasing an additional 44,542 shares during the quarter. RWA Wealth Partners LLC’s holdings in Kinder Morgan were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

KMI has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. UBS Group reissued a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada lifted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Kinder Morgan Stock Up 0.8%

KMI stock opened at $33.04 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The company’s 50 day simple moving average is $29.36 and its 200-day simple moving average is $27.84. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $33.24. The firm has a market capitalization of $73.51 billion, a PE ratio of 24.12, a P/E/G ratio of 2.70 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors 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 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Insider Buying and Selling

In other news, Director William A. Smith bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average price of $29.75 per share, with a total value of $89,250.00. Following the purchase, the director owned 31,087 shares of the company’s stock, valued at $924,838.25. This trade represents a 10.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the transaction, the vice president owned 100,146 shares in the company, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 46,498 shares of company stock worth $1,382,115. 12.73% of the stock is owned by company insiders.

About Kinder Morgan

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.