TFR Capital LLC. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 625.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,546 shares of the pipeline company’s stock after acquiring an additional 61,681 shares during the period. TFR Capital LLC.’s holdings in Kinder Morgan were worth $2,287,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of KMI. Klingman & Associates LLC lifted its holdings in Kinder Morgan by 3.9% in the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock valued at $285,000 after acquiring an additional 319 shares during the period. TD Capital Management LLC grew its stake in shares of Kinder Morgan by 36.0% during the 4th quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 323 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of Kinder Morgan by 13.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after purchasing an additional 329 shares during the period. Abel Hall LLC increased its holdings in shares of Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 330 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Kinder Morgan by 4.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock valued at $232,000 after purchasing an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.
Kinder Morgan Trading Up 0.0%
NYSE:KMI opened at $32.83 on Monday. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $31.99 and a 200-day simple moving average of $32.26. The company has a market capitalization of $73.09 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54.
Kinder Morgan Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is 76.28%.
Analyst Ratings Changes
A number of analysts recently commented on KMI shares. Morgan Stanley set a $38.00 price objective on shares of Kinder Morgan in a report on Wednesday, July 29th. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. UBS Group reiterated a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a research note on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.50.
Get Our Latest Research Report on KMI
Insider Activity at Kinder Morgan
In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the sale, the vice president directly owned 164,208 shares in the company, valued at $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,882 shares of company stock worth $441,691 over the last quarter. Company insiders own 12.72% of the company’s stock.
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.
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