Merriman Wealth Management LLC lowered its position in shares of Kinder Morgan Inc (NYSE:KMI) by 21.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,138 shares of the pipeline company’s stock after selling 6,982 shares during the quarter. Merriman Wealth Management LLC’s holdings in Kinder Morgan were worth $444,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. FTB Advisors Inc. increased its holdings in shares of Kinder Morgan by 11.4% during the first quarter. FTB Advisors Inc. now owns 196,814 shares of the pipeline company’s stock valued at $2,976,000 after acquiring an additional 20,181 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in shares of Kinder Morgan by 460.7% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 515,500 shares of the pipeline company’s stock valued at $7,602,000 after acquiring an additional 423,554 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of Kinder Morgan by 197.2% during the first quarter. Dupont Capital Management Corp now owns 424,754 shares of the pipeline company’s stock valued at $6,397,000 after acquiring an additional 281,846 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Kinder Morgan during the first quarter valued at $291,000. Finally, Wealthstreet Investment Advisors LLC increased its holdings in shares of Kinder Morgan by 6.3% during the first quarter. Wealthstreet Investment Advisors LLC now owns 57,251 shares of the pipeline company’s stock valued at $862,000 after acquiring an additional 3,414 shares in the last quarter. 60.34% of the stock is owned by institutional investors and hedge funds.

In other Kinder Morgan news, Director William A. Smith acquired 5,556 shares of Kinder Morgan stock in a transaction that occurred on Thursday, July 26th. The stock was bought at an average cost of $18.09 per share, for a total transaction of $100,508.04. Following the acquisition, the director now owns 14,587 shares of the company’s stock, valued at $263,878.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 14.16% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on KMI shares. Sanford C. Bernstein upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating in a report on Tuesday, June 26th. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Wells Fargo & Co restated a “buy” rating on shares of Kinder Morgan in a report on Thursday, July 19th. Stifel Nicolaus raised their price target on Kinder Morgan from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Finally, Raymond James upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating in a report on Monday, June 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the stock. Kinder Morgan has an average rating of “Buy” and a consensus target price of $20.89.

NYSE KMI opened at $17.78 on Friday. Kinder Morgan Inc has a one year low of $14.69 and a one year high of $19.85. The stock has a market capitalization of $39.29 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 2.40 and a beta of 0.67. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.03.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 18th. The pipeline company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Kinder Morgan had a positive return on equity of 5.07% and a negative net margin of 1.82%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the company earned $0.14 EPS. Kinder Morgan’s revenue for the quarter was up 1.8% on a year-over-year basis. sell-side analysts expect that Kinder Morgan Inc will post 0.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, July 30th. This represents a $0.80 annualized dividend and a yield of 4.50%. Kinder Morgan’s payout ratio is 121.21%.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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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