Atlas Private Wealth Advisors Takes $233,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Atlas Private Wealth Advisors acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 11,748 shares of the pipeline company’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. True Wealth Design LLC raised its stake in shares of Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after buying an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $26,000. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan during the 1st quarter valued at $30,000. OFI Invest Asset Management acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $31,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the 1st quarter worth $31,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Down 0.2 %

Shares of Kinder Morgan stock traded down $0.05 during trading on Friday, reaching $21.02. The stock had a trading volume of 13,464,669 shares, compared to its average volume of 14,286,494. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $46.65 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.92 and a beta of 0.93. The stock has a fifty day moving average price of $20.30 and a two-hundred day moving average price of $18.85. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.86.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. During the same quarter in the previous year, the firm posted $0.24 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.47%. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Transactions at Kinder Morgan

In related news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders sold a total of 196,582 shares of company stock worth $4,073,082 in the last three months. Insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 19th. UBS Group increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $22.11.

Kinder Morgan Company 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.