Schnieders Capital Management LLC Buys 9,500 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Schnieders Capital Management LLC increased its stake in Kinder Morgan, Inc. by 18.0%, owning a total of 62,363 shares valued at approximately $1.779 million at the end of the first quarter.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, reflecting a 4.2% dividend yield and a payout ratio of 95.90%.
• The company reported $4.04 billion in revenue for the quarter, surpassing estimates of $3.75 billion, and maintained earnings per share of $0.28.

Schnieders Capital Management LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,363 shares of the pipeline company's stock after purchasing an additional 9,500 shares during the period. Schnieders Capital Management LLC's holdings in Kinder Morgan were worth $1,779,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC raised its stake in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $26,000. Morse Asset Management Inc purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. JNBA Financial Advisors increased its stake in shares of Kinder Morgan by 669.2% in 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 purchased a new position in Kinder Morgan during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares of the company's stock, valued at $945,928.44. This trade represents a 8.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,715 shares of company stock worth $3,081,245 in the last 90 days. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.03 during mid-day trading on Thursday, hitting $26.78. 17,704,609 shares of the company traded hands, compared to its average volume of 17,759,392. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock's fifty day moving average price is $27.92 and its 200-day moving average price is $27.49. The firm has a market cap of $59.50 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48.

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

Kinder Morgan Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KMI. Scotiabank upped their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. 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 research note on Monday, July 28th. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Barclays restated an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.13.

About Kinder Morgan

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.