McGlone Suttner Wealth Management Inc. Has $409,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

McGlone Suttner Wealth Management Inc. grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 23.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,522 shares of the pipeline company’s stock after purchasing an additional 3,480 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Kinder Morgan were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KMI. HWG Holdings LP bought a new position in Kinder Morgan in the 2nd quarter valued at approximately $30,000. ZRC Wealth Management LLC bought a new position in Kinder Morgan during the 3rd quarter worth approximately $36,000. Pathway Financial Advisers LLC bought a new position in Kinder Morgan during the 1st quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new position in Kinder Morgan during the 1st quarter worth approximately $31,000. Finally, OFI Invest Asset Management bought a new position in Kinder Morgan during the 1st quarter worth approximately $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.98 during mid-day trading on Friday, reaching $24.70. 21,490,048 shares of the company’s stock were exchanged, compared to its average volume of 13,770,874. The firm has a market capitalization of $54.82 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. Kinder Morgan, Inc. has a 52 week low of $15.91 and a 52 week high of $24.70. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The firm has a 50-day moving average price of $21.70 and a two-hundred day moving average price of $20.25.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Insider Activity

In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock worth $3,121,891 over the last ninety days. Company insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KMI shares. UBS Group raised their price target on shares of Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Morgan Stanley raised shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price objective for the company in a research report on Monday, September 16th. Bank of America raised shares of Kinder Morgan from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $27.00 in a research report on Friday. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Finally, Barclays lifted their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $23.18.

Kinder Morgan 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.