Pittenger & Anderson Inc. Makes New $75,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Pittenger & Anderson Inc. purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) in the second quarter, Holdings Channel reports. The fund purchased 4,500 shares of the pipeline company’s stock, valued at approximately $75,000.

A number of other institutional investors also recently added to or reduced their stakes in KMI. HYA Advisors Inc raised its stake in shares of Kinder Morgan by 1.5% in the 1st quarter. HYA Advisors Inc now owns 99,092 shares of the pipeline company’s stock worth $1,874,000 after buying an additional 1,504 shares in the last quarter. Kentucky Retirement Systems raised its position in shares of Kinder Morgan by 4.0% during the first quarter. Kentucky Retirement Systems now owns 124,296 shares of the pipeline company’s stock worth $2,350,000 after purchasing an additional 4,838 shares during the period. Alliancebernstein L.P. raised its position in Kinder Morgan by 0.4% during the fourth quarter. Alliancebernstein L.P. now owns 2,916,355 shares of the pipeline company’s stock valued at $46,253,000 after buying an additional 12,278 shares during the period. Glassy Mountain Advisors Inc. raised its position in Kinder Morgan by 30.2% during the first quarter. Glassy Mountain Advisors Inc. now owns 45,636 shares of the pipeline company’s stock valued at $863,000 after buying an additional 10,590 shares during the period. Finally, Advisor Group Holdings Inc. raised its position in Kinder Morgan by 21.2% during the first quarter. Advisor Group Holdings Inc. now owns 997,527 shares of the pipeline company’s stock valued at $20,330,000 after buying an additional 174,431 shares during the period. Institutional investors and hedge funds own 61.12% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. UBS Group upped their price target on Kinder Morgan to $25.00 in a research report on Friday, July 22nd. The Goldman Sachs Group upgraded Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price on the stock in a research note on Wednesday, September 7th. Barclays boosted their target price on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. Finally, US Capital Advisors reiterated a “hold” rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Hold” and an average price target of $21.00.

Kinder Morgan Trading Down 1.1 %

Kinder Morgan stock opened at $17.32 on Friday. The business has a 50 day moving average price of $18.12 and a two-hundred day moving average price of $18.30. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90. The stock has a market cap of $39.02 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 4.87 and a beta of 0.92. Kinder Morgan, Inc. has a 12 month low of $15.01 and a 12 month high of $20.20.

Kinder Morgan (NYSE:KMIGet Rating) last posted its quarterly earnings results on Wednesday, July 20th. The pipeline company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The company’s revenue for the quarter was up 63.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.2 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were issued a $0.2775 dividend. The ex-dividend date was Friday, July 29th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.41%. Kinder Morgan’s payout ratio is presently 103.74%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 3,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now directly owns 28,719 shares of the company’s stock, valued at approximately $516,942. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP John W. Schlosser sold 3,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the sale, the vice president now directly owns 28,719 shares in the company, valued at approximately $516,942. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the sale, the vice president now owns 27,219 shares in the company, valued at $521,788.23. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by insiders.

About Kinder Morgan

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

Further Reading

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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