Prime Capital Investment Advisors LLC Buys 5,984 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Prime Capital Investment Advisors LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,865 shares of the pipeline company’s stock after acquiring an additional 5,984 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Kinder Morgan were worth $1,212,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KMI. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at $28,000. Pathway Financial Advisers LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $30,000. HWG Holdings LP bought a new stake in Kinder Morgan in the second quarter valued at about $30,000. Strategic Financial Concepts LLC acquired a new position in Kinder Morgan in the second quarter worth about $31,000. Finally, HM Payson & Co. lifted its stake in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Argus raised 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. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

Kinder Morgan Stock Down 0.1 %

NYSE KMI opened at $26.77 on Friday. The stock has a market capitalization of $59.46 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 3.74 and a beta of 0.91. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $27.58. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a fifty day moving average of $23.61 and a 200-day moving average of $21.36.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

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.