9,166 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,166 shares of the pipeline company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. HWG Holdings LP acquired a new stake in Kinder Morgan in the second quarter worth $30,000. ZRC Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $36,000. Pathway Financial Advisers LLC bought a new stake in Kinder Morgan in the 1st quarter valued at about $30,000. Redmont Wealth Advisors LLC acquired 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 in the first quarter worth approximately $31,000. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the sale, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Kinder Morgan news, VP Sital K. Mody sold 25,169 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.04, for a total transaction of $529,555.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the president now directly owns 916,773 shares in the company, 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. Over the last ninety days, insiders sold 148,311 shares of company stock valued at $3,121,891. Company insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KMI shares. Wells Fargo & Company boosted their price objective on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Barclays boosted their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Finally, Royal Bank of Canada raised their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.27.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $24.95 on Friday. The firm has a market capitalization of $55.37 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The business’s fifty day simple moving average is $22.12 and its 200 day simple moving average is $20.48. Kinder Morgan, Inc. has a 12 month low of $15.91 and a 12 month high of $25.43.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.61%. Kinder Morgan’s payout ratio is 104.55%.

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.