Phillips Wealth Planners LLC Has $487,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Phillips Wealth Planners LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,054 shares of the pipeline company’s stock after selling 532 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Kinder Morgan were worth $487,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in Kinder Morgan by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 25,849 shares of the pipeline company’s stock valued at $571,000 after buying an additional 5,043 shares in the last quarter. Addis & Hill Inc boosted its stake in shares of Kinder Morgan by 2.7% during the third quarter. Addis & Hill Inc now owns 24,011 shares of the pipeline company’s stock valued at $530,000 after purchasing an additional 630 shares in the last quarter. Americana Partners LLC boosted its stake in shares of Kinder Morgan by 0.4% during the third quarter. Americana Partners LLC now owns 733,589 shares of the pipeline company’s stock valued at $16,205,000 after purchasing an additional 2,974 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in shares of Kinder Morgan by 9.6% during the third quarter. Gladstone Institutional Advisory LLC now owns 15,281 shares of the pipeline company’s stock valued at $338,000 after purchasing an additional 1,337 shares in the last quarter. Finally, Hills Bank & Trust Co acquired a new stake in shares of Kinder Morgan during the third quarter valued at about $101,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $36,309.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $24.18 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52-week low of $16.17 and a 52-week high of $25.43. The firm has a market cap of $53.72 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 3.07 and a beta of 0.93. The business’s fifty day moving average is $22.85 and its 200 day moving average is $20.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. Research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.76%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Bank of America began coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. UBS Group raised their price objective on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Scotiabank raised their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company lifted their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Eight investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.91.

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.