Ashton Thomas Private Wealth LLC Has $7.51 Million Stock Position in Kinder Morgan, Inc. $KMI

Ashton Thomas Private Wealth LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 180.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265,311 shares of the pipeline company’s stock after purchasing an additional 170,783 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Kinder Morgan were worth $7,511,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KMI. Adell Harriman & Carpenter Inc. lifted its position in Kinder Morgan by 23.7% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 59,567 shares of the pipeline company’s stock valued at $1,686,000 after acquiring an additional 11,404 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Kinder Morgan by 314.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,032 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in Kinder Morgan by 30.8% during the third quarter. Cornerstone Planning Group LLC now owns 3,322 shares of the pipeline company’s stock worth $87,000 after acquiring an additional 783 shares during the period. Nichols & Pratt Advisers LLP MA raised its stake in shares of Kinder Morgan by 1.0% during the 3rd quarter. Nichols & Pratt Advisers LLP MA now owns 1,829,160 shares of the pipeline company’s stock worth $51,784,000 after purchasing an additional 17,742 shares during the period. Finally, Keeler Thomas Management LLC raised its position in Kinder Morgan by 8.1% in the third quarter. Keeler Thomas Management LLC now owns 70,188 shares of the pipeline company’s stock worth $1,987,000 after acquiring an additional 5,238 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KMI shares. TD Cowen boosted their target price on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Mizuho lowered their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Finally, Royal Bank Of Canada boosted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.38.

Kinder Morgan Stock Up 2.3%

Shares of KMI opened at $30.31 on Wednesday. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $30.57. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. The stock has a 50 day simple moving average of $27.71 and a two-hundred day simple moving average of $27.32. The firm has a market cap of $67.42 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.40 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue was up 13.1% compared to the same quarter last year. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Insider Activity

In related news, Director William A. Smith acquired 3,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the acquisition, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares of the company’s stock, valued at $4,182,840. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 38,498 shares of company stock valued at $1,107,462. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Company Profile

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.