Strategic Blueprint LLC Boosts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Strategic Blueprint LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,603 shares of the pipeline company’s stock after purchasing an additional 1,505 shares during the period. Strategic Blueprint LLC’s holdings in Kinder Morgan were worth $430,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Argent Trust Co grew its stake in shares of Kinder Morgan by 1.5% during the second quarter. Argent Trust Co now owns 41,059 shares of the pipeline company’s stock worth $749,000 after purchasing an additional 589 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in shares of Kinder Morgan by 3.6% during the first quarter. Beacon Investment Advisory Services Inc. now owns 17,025 shares of the pipeline company’s stock worth $283,000 after purchasing an additional 598 shares in the last quarter. Altus Wealth Group LLC grew its stake in shares of Kinder Morgan by 2.3% during the first quarter. Altus Wealth Group LLC now owns 26,700 shares of the pipeline company’s stock worth $458,000 after purchasing an additional 600 shares in the last quarter. Requisite Capital Management LLC grew its stake in shares of Kinder Morgan by 0.9% during the second quarter. Requisite Capital Management LLC now owns 70,909 shares of the pipeline company’s stock worth $1,293,000 after purchasing an additional 600 shares in the last quarter. Finally, Tradition Wealth Management LLC grew its stake in shares of Kinder Morgan by 21.5% during the second quarter. Tradition Wealth Management LLC now owns 3,475 shares of the pipeline company’s stock worth $63,000 after purchasing an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

In other news, VP Thomas A. Martin sold 66,607 shares of the stock in a transaction that occurred on Friday, August 6th. The shares were sold at an average price of $17.08, for a total value of $1,137,647.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 14.22% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on KMI shares. Piper Sandler boosted their target price on shares of Kinder Morgan from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, June 17th. TD Securities upped their price objective on shares of Kinder Morgan from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, June 3rd. Stifel Nicolaus downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research note on Tuesday, June 15th. Mizuho upped their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, July 22nd. Finally, The Goldman Sachs Group downgraded shares of Kinder Morgan from a “neutral” rating to a “sell” rating in a research note on Sunday, June 13th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.93.

NYSE KMI opened at $16.53 on Friday. The stock has a market capitalization of $37.47 billion, a P/E ratio of 22.04, a P/E/G ratio of 4.09 and a beta of 1.12. Kinder Morgan, Inc. has a 52-week low of $11.45 and a 52-week high of $19.29. The firm has a 50-day moving average price of $16.70 and a 200 day moving average price of $17.28. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.00.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Tuesday, July 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Kinder Morgan had a net margin of 11.91% and a return on equity of 9.34%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Monday, August 2nd were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, July 30th. This represents a $1.08 annualized dividend and a dividend yield of 6.53%. Kinder Morgan’s dividend payout ratio is presently 122.73%.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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