Drucker Wealth 3.0 LLC Has $1.77 Million Holdings in Kinder Morgan, Inc. $KMI

Drucker Wealth 3.0 LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 85.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 62,581 shares of the pipeline company’s stock after purchasing an additional 28,798 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Kinder Morgan were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of KMI. LFA Lugano Financial Advisors SA acquired 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 in the second quarter valued at approximately $35,000. Private Wealth Management Group LLC grew its position in Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after buying an additional 595 shares in the last quarter. Westside Investment Management Inc. increased its stake in Kinder Morgan by 314.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,032 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Kinder Morgan in the 2nd quarter valued at $40,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $32.08 on Wednesday. The stock has a 50-day moving average price of $28.51 and a two-hundred day moving average price of $27.58. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $32.58. The company has a market capitalization of $71.37 billion, a PE ratio of 23.42, a P/E/G ratio of 2.66 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William A. Smith acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the purchase, the director owned 31,087 shares of the company’s stock, valued at $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 38,498 shares of company stock worth $1,126,515. Company insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of a number of recent analyst reports. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada upped their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. UBS Group reissued a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Jefferies Financial Group upped their price target on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Finally, TD Cowen boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $32.38.

Kinder Morgan Company Profile

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.