Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,596 shares of the pipeline company’s stock after acquiring an additional 3,862 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Kinder Morgan were worth $628,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Benjamin Edwards Inc. acquired a new stake in Kinder Morgan during the third quarter valued at approximately $25,000. US Asset Management LLC acquired a new stake in Kinder Morgan during the third quarter valued at approximately $31,000. Newbridge Financial Services Group Inc. raised its stake in Kinder Morgan by 237.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,054 shares of the pipeline company’s stock valued at $33,000 after buying an additional 1,446 shares in the last quarter. D Orazio & Associates Inc. acquired a new stake in Kinder Morgan during the third quarter valued at approximately $37,000. Finally, Allworth Financial LP raised its stake in Kinder Morgan by 33.5% during the third quarter. Allworth Financial LP now owns 2,878 shares of the pipeline company’s stock valued at $48,000 after buying an additional 722 shares in the last quarter. Institutional investors and hedge funds own 58.01% of the company’s stock.

KMI has been the topic of several research reports. Barclays upped their price objective on Kinder Morgan from $18.00 to $19.00 in a research note on Thursday, January 20th. Wolfe Research lowered Kinder Morgan from a “peer perform” rating to an “underperform” rating and upped their target price for the company from $17.00 to $18.00 in a report on Monday, April 11th. Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, January 25th. Finally, StockNews.com assumed coverage on Kinder Morgan in a report on Thursday, March 31st. They set a “hold” rating for the company. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.36.

In other news, VP Dax Sanders sold 91,129 shares of the stock in a transaction on Friday, April 8th. The stock was sold at an average price of $19.51, for a total value of $1,777,926.79. Following the completion of the sale, the vice president now owns 204,105 shares in the company, valued at $3,982,088.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction on Friday, March 25th. The shares were sold at an average price of $18.34, for a total value of $27,510.00. The disclosure for this sale can be found here. 12.51% of the stock is currently owned by corporate insiders.

KMI opened at $19.55 on Tuesday. The company has a market capitalization of $44.33 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 6.03 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.66 and a quick ratio of 0.56. Kinder Morgan, Inc. has a 1-year low of $15.01 and a 1-year high of $19.65. The business has a 50 day moving average price of $18.12 and a two-hundred day moving average price of $17.29.

Kinder Morgan (NYSE:KMIGet Rating) last released its earnings results on Wednesday, January 19th. The pipeline company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Kinder Morgan had a return on equity of 9.49% and a net margin of 10.74%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was up 42.1% compared to the same quarter last year. Equities analysts expect that Kinder Morgan, Inc. will post 1.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 15th. Stockholders of record on Monday, January 31st were given a dividend of $0.27 per share. The ex-dividend date was Friday, January 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.52%. Kinder Morgan’s dividend payout ratio (DPR) is presently 138.46%.

About Kinder Morgan (Get Rating)

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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