Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Independent Advisor Alliance

Key Points

• Independent Advisor Alliance has increased its stake in Kinder Morgan, Inc. by 15.7%, holding 122,646 shares valued at approximately $3.50 million.
• Kinder Morgan plans to pay a quarterly dividend of $0.2925 on August 15th, which reflects an annualized yield of 4.3%.
• The company's recent earnings report showed a revenue of $4.04 billion, surpassing analyst expectations of $3.75 billion.

Independent Advisor Alliance increased its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,646 shares of the pipeline company's stock after buying an additional 16,626 shares during the period. Independent Advisor Alliance's holdings in Kinder Morgan were worth $3,499,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares during the period. Fourth Dimension Wealth LLC bought a new position in Kinder Morgan during the 4th quarter worth about $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan during the 4th quarter worth about $27,000. JNBA Financial Advisors grew its holdings in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after acquiring an additional 870 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Kinder Morgan during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

NYSE KMI traded down $0.19 on Friday, hitting $26.66. The company had a trading volume of 9,612,246 shares, compared to its average volume of 14,619,755. The company has a market capitalization of $59.24 billion, a PE ratio of 21.85, a PEG ratio of 3.38 and a beta of 0.78. The company's fifty day moving average price is $27.77 and its 200-day moving average price is $27.38. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-month high of $31.48.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan's dividend payout ratio is presently 95.90%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KMI shares. Barclays reiterated an "overweight" rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. TD Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 target price on the stock. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a report on Thursday. Finally, Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Insider Buying and Selling at Kinder Morgan

In other news, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares of the company's stock, valued at $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,842 shares of company stock valued at $3,896,180. 12.73% of the stock is owned by company insiders.

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.