Kinder Morgan, Inc. (NYSE:KMI) is apricus wealth LLC’s 2nd Largest Position

apricus wealth LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,335 shares of the pipeline company’s stock after buying an additional 1,775 shares during the period. Kinder Morgan makes up about 2.9% of apricus wealth LLC’s holdings, making the stock its 2nd biggest holding. apricus wealth LLC’s holdings in Kinder Morgan were worth $4,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the 3rd quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the 1st quarter valued at about $30,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at about $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.9 %

KMI opened at $24.99 on Friday. Kinder Morgan, Inc. has a 12 month low of $15.91 and a 12 month high of $25.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The stock has a market cap of $55.46 billion, a P/E ratio of 22.72, a P/E/G ratio of 3.27 and a beta of 0.93. The stock’s 50 day moving average price is $22.35 and its 200 day moving average price is $20.61.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.19 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, November 15th. Investors of record on Thursday, October 31st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, July 19th. Royal Bank of Canada upped their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Barclays increased their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $24.91.

Insider Activity at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 817,040 shares of company stock worth $19,747,879 in the last three months. 12.64% of the stock is owned by company insiders.

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.