SteelPeak Wealth LLC Increases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

SteelPeak Wealth LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 14.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,030 shares of the pipeline company’s stock after buying an additional 7,092 shares during the quarter. SteelPeak Wealth LLC’s holdings in Kinder Morgan were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. True Wealth Design LLC increased its stake in Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,389 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $26,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan in the first quarter worth about $30,000. OFI Invest Asset Management purchased a new position in Kinder Morgan during the 1st quarter valued at about $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 1st quarter worth approximately $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KMI has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their target price on Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Barclays raised their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. UBS Group lifted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday, July 19th. Seven 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.11.

Insider Buying and Selling at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, President Thomas A. Martin sold 100,000 shares of the firm’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 transaction, the president now directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,311 shares of company stock worth $4,109,391. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.7 %

Kinder Morgan stock traded up $0.15 during mid-day trading on Thursday, hitting $21.11. The company had a trading volume of 12,202,198 shares, compared to its average volume of 14,160,522. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $21.86. 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 stock’s 50 day moving average price is $20.38 and its two-hundred day moving average price is $18.92. The company has a market capitalization of $46.85 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a $0.2875 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.45%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

About Kinder Morgan

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.