Jackson Wealth Management LLC Buys New Stake in Kinder Morgan, Inc. (NYSE:KMI)

Jackson Wealth Management LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 119,400 shares of the pipeline company’s stock, valued at approximately $2,638,000.

Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the third quarter valued at $28,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the second quarter worth about $30,000. ZRC Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth about $36,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth about $30,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth about $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.6 %

Shares of NYSE:KMI traded up $0.14 during midday trading on Thursday, hitting $24.91. 3,328,835 shares of the company’s stock traded hands, compared to its average volume of 13,764,639. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The company has a market cap of $55.28 billion, a PE ratio of 22.66, a P/E/G ratio of 3.27 and a beta of 0.93. The firm’s fifty day moving average price is $22.35 and its two-hundred day moving average price is $20.61. Kinder Morgan, Inc. has a twelve month low of $15.91 and a twelve month high of $25.43.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.62%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KMI. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Barclays increased their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. UBS Group increased their price target on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus increased their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.91.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the transaction, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 817,040 shares of company stock valued at $19,747,879 in the last quarter. Company insiders own 12.64% of the company’s stock.

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.