Providence Capital Advisors LLC Purchases New Shares in Kinder Morgan, Inc. $KMI

Providence Capital Advisors LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 94,458 shares of the pipeline company’s stock, valued at approximately $2,674,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KMI. LFA Lugano Financial Advisors SA purchased a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. CoreFirst Bank & Trust bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $35,000. Private Wealth Management Group LLC grew its stake in Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares during the period. Westside Investment Management Inc. raised its holdings in Kinder Morgan by 314.6% in the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Kinder Morgan during the second quarter valued at $40,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In related news, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 139,428 shares of the company’s stock, valued at $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the transaction, the vice president directly owned 201,204 shares in the company, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,498 shares of company stock worth $1,126,515 in the last ninety days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $31.03 on Tuesday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.12. The business’s fifty day simple moving average is $27.98 and its two-hundred day simple moving average is $27.41. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The company has a market cap of $69.03 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.51 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.Kinder Morgan’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Analyst Upgrades and Downgrades

KMI has been the subject of several research reports. Mizuho decreased their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Scotiabank lifted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Kinder Morgan in a research note on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.