Dynamic Advisor Solutions LLC Buys 4,590 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Dynamic Advisor Solutions LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,268 shares of the pipeline company’s stock after purchasing an additional 4,590 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Kinder Morgan were worth $3,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMI. BlackRock Inc. grew its holdings in shares of Kinder Morgan by 5.9% during the first quarter. BlackRock Inc. now owns 159,416,012 shares of the pipeline company’s stock valued at $2,654,278,000 after buying an additional 8,860,702 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kinder Morgan by 5.5% during the first quarter. Geode Capital Management LLC now owns 31,371,966 shares of the pipeline company’s stock valued at $520,833,000 after buying an additional 1,641,959 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Kinder Morgan by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 17,531,044 shares of the pipeline company’s stock valued at $291,891,000 after buying an additional 359,667 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Kinder Morgan by 1.9% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,699,646 shares of the pipeline company’s stock valued at $304,435,000 after buying an additional 311,817 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Kinder Morgan by 9.4% during the first quarter. Morgan Stanley now owns 13,404,729 shares of the pipeline company’s stock valued at $223,189,000 after buying an additional 1,153,690 shares during the last quarter. 59.33% of the stock is owned by hedge funds and other institutional investors.

KMI traded up $0.39 during midday trading on Wednesday, reaching $16.40. The company had a trading volume of 522,527 shares, compared to its average volume of 15,111,585. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.77 and a current ratio of 0.85. The stock has a market cap of $37.17 billion, a PE ratio of 21.35, a P/E/G ratio of 4.09 and a beta of 1.12. Kinder Morgan, Inc. has a 12-month low of $11.45 and a 12-month high of $19.29. The business has a 50-day moving average price of $17.03 and a two-hundred day moving average price of $17.27.

Kinder Morgan (NYSE:KMI) last released its earnings results on Tuesday, July 20th. The pipeline company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. Kinder Morgan had a net margin of 11.91% and a return on equity of 9.34%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Monday, August 2nd were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend was Friday, July 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 122.73%.

A number of research analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, July 22nd. Stifel Nicolaus cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a report on Tuesday, June 15th. Morgan Stanley cut shares of Kinder Morgan from an “equal weight” rating to an “underweight” rating and set a $18.00 price target on the stock. in a report on Wednesday, May 26th. TD Securities boosted their price target on shares of Kinder Morgan from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, June 3rd. Finally, The Goldman Sachs Group cut shares of Kinder Morgan from a “neutral” rating to a “sell” rating in a report on Sunday, June 13th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.93.

In related news, VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 25th. The shares were sold at an average price of $18.23, for a total transaction of $27,345.00. Following the sale, the vice president now owns 42,219 shares of the company’s stock, valued at approximately $769,652.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas A. Martin sold 66,607 shares of the company’s stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $17.08, for a total transaction of $1,137,647.56. The disclosure for this sale can be found here. Insiders own 14.22% of the company’s stock.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel.

Recommended Story: Most Volatile Stocks

Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMI).

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

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.