Arkadios Wealth Advisors Acquires 76,660 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Arkadios Wealth Advisors increased its shares in Kinder Morgan, Inc. by 94.5%, acquiring an additional 76,660 shares, resulting in total holdings of 157,749 shares valued at approximately $4.5 million.
• Kinder Morgan reported a quarterly revenue of $4.04 billion for the latest quarter, exceeding analysts' expectations of $3.75 billion, and maintained an EPS of $0.28.
• The company declared a quarterly dividend of $0.2925 per share, representing a yield of 4.17%, with a payout ratio of 95.90%.

Arkadios Wealth Advisors boosted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 94.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,749 shares of the pipeline company's stock after purchasing an additional 76,660 shares during the quarter. Arkadios Wealth Advisors' holdings in Kinder Morgan were worth $4,501,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Hurley Capital LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $25,000. Sierra Ocean LLC raised its holdings in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth $26,000. Morse Asset Management Inc acquired a new position in shares of Kinder Morgan during the 4th quarter worth $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth $29,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMI. Barclays reissued an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Wells Fargo & Company boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday. Royal Bank Of Canada boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Finally, Morgan Stanley set a $34.00 price target on Kinder Morgan in a report on Monday, July 7th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $31.13.

Kinder Morgan Price Performance

KMI traded up $0.03 on Friday, reaching $28.09. The stock had a trading volume of 16,323,561 shares, compared to its average volume of 15,092,606. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48. The firm has a 50-day moving average of $27.96 and a 200-day moving average of $27.56. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $62.42 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 3.53 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan's dividend payout ratio is presently 95.90%.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 2,759 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and 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 gasification, liquefaction, and storage facilities.