Cambridge Investment Research Advisors Inc. grew its holdings in Kinder Morgan Inc (NYSE:KMI) by 5.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,546 shares of the pipeline company’s stock after buying an additional 13,401 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Kinder Morgan were worth $4,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of KMI. Red Door Wealth Management LLC bought a new position in shares of Kinder Morgan in the 1st quarter valued at about $26,000. Truehand Inc bought a new stake in Kinder Morgan during the second quarter worth approximately $27,000. Larson Financial Group LLC raised its position in Kinder Morgan by 161.0% during the second quarter. Larson Financial Group LLC now owns 1,845 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 1,138 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $31,000. Finally, Investors Research Corp lifted its stake in shares of Kinder Morgan by 100.0% in the 2nd quarter. Investors Research Corp now owns 2,430 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 1,215 shares during the last quarter. Hedge funds and other institutional investors own 61.44% of the company’s stock.

Shares of NYSE:KMI opened at $14.10 on Friday. The company has a market capitalization of $32.38 billion, a PE ratio of 201.46, a P/E/G ratio of 5.50 and a beta of 1.04. The company has a current ratio of 0.48, a quick ratio of 0.50 and a debt-to-equity ratio of 0.98. Kinder Morgan Inc has a 12-month low of $9.42 and a 12-month high of $22.58. The business’s fifty day simple moving average is $14.88 and its 200-day simple moving average is $16.63.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Kinder Morgan had a return on equity of 6.02% and a net margin of 1.41%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the company earned $0.22 earnings per share. Research analysts predict that Kinder Morgan Inc will post 0.87 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be issued a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Friday, July 31st. Kinder Morgan’s dividend payout ratio is currently 110.53%.

Several analysts recently weighed in on the company. Citigroup decreased their price target on Kinder Morgan from $21.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, May 20th. Royal Bank of Canada restated a “hold” rating and issued a $19.00 target price on shares of Kinder Morgan in a report on Tuesday, April 21st. SunTrust Banks restated a “buy” rating and issued a $18.00 target price on shares of Kinder Morgan in a report on Thursday, April 23rd. Piper Sandler cut their price target on shares of Kinder Morgan from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Finally, Wells Fargo & Co cut their target price on Kinder Morgan from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.72.

In other news, major shareholder Richard D. Kinder acquired 300,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were purchased at an average price of $14.14 per share, with a total value of $4,242,000.00. Following the transaction, the insider now directly owns 244,839,120 shares in the company, valued at $3,462,025,156.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 14.19% of the stock is currently owned by company insiders.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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