Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 81.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 179,335 shares of the pipeline company’s stock after buying an additional 80,535 shares during the quarter. Kinder Morgan accounts for 2.5% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its 10th biggest position. A. D. Beadell Investment Counsel Inc.’s holdings in Kinder Morgan were worth $3,005,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. City State Bank acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter valued at $29,000. Toth Financial Advisory Corp boosted its holdings in shares of Kinder Morgan by 177.2% during the 1st quarter. Toth Financial Advisory Corp now owns 1,663 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 1,063 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Kinder Morgan by 136.2% during the 1st quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 940 shares in the last quarter. Finally, American National Bank boosted its holdings in shares of Kinder Morgan by 63.6% during the 1st quarter. American National Bank now owns 1,667 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 648 shares in the last quarter. 61.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total transaction of $28,755.00. Following the completion of the sale, the vice president now directly owns 27,219 shares of the company’s stock, valued at approximately $521,788.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP John W. Schlosser sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the transaction, the vice president now owns 28,719 shares in the company, valued at approximately $516,942. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the completion of the transaction, the vice president now owns 27,219 shares in the company, valued at approximately $521,788.23. The disclosure for this sale can be found here. Corporate insiders own 14.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KMI shares. US Capital Advisors reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Wednesday, June 1st. UBS Group lifted their target price on Kinder Morgan to $25.00 in a report on Friday, July 22nd. The Goldman Sachs Group raised Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price on the stock in a report on Wednesday, September 7th. Finally, Barclays lifted their price objective on Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and an average price target of $21.00.

Kinder Morgan Stock Down 5.3 %

Kinder Morgan stock traded down $0.92 during midday trading on Friday, reaching $16.40. The stock had a trading volume of 394,884 shares, compared to its average volume of 16,075,442. Kinder Morgan, Inc. has a 12 month low of $15.01 and a 12 month high of $20.20. The company has a market capitalization of $36.95 billion, a P/E ratio of 16.19, a PEG ratio of 4.87 and a beta of 0.92. The company has a fifty day moving average price of $18.12 and a two-hundred day moving average price of $18.30. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMIGet Rating) last issued its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue was up 63.5% compared to the same quarter last year. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend was Friday, July 29th. Kinder Morgan’s dividend payout ratio is currently 103.74%.

About Kinder Morgan

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

Further Reading

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

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