Transcend Capital Advisors LLC Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Transcend Capital Advisors LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,654 shares of the pipeline company’s stock after purchasing an additional 2,324 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Kinder Morgan were worth $2,388,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Freedom Wealth Alliance LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $27,000. Laffer Tengler Investments raised its stake in Kinder Morgan by 103.5% during the 4th quarter. Laffer Tengler Investments now owns 1,966 shares of the pipeline company’s stock valued at $36,000 after acquiring an additional 1,000 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Kinder Morgan by 33.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 2,682 shares of the pipeline company’s stock valued at $47,000 after acquiring an additional 677 shares during the last quarter. Larson Financial Group LLC raised its stake in Kinder Morgan by 30.1% during the 1st quarter. Larson Financial Group LLC now owns 2,749 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 636 shares during the last quarter. Finally, Certified Advisory Corp acquired a new stake in shares of Kinder Morgan in the 1st quarter worth $49,000. Hedge funds and other institutional investors own 62.33% of the company’s stock.

Kinder Morgan Trading Down 1.0 %

Shares of NYSE:KMI traded down $0.17 during midday trading on Tuesday, reaching $16.85. The company’s stock had a trading volume of 7,885,889 shares, compared to its average volume of 12,816,018. The company has a quick ratio of 0.38, a current ratio of 0.49 and a debt-to-equity ratio of 0.90. The firm has a market cap of $37.54 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 5.16 and a beta of 0.96. The business has a 50 day moving average price of $17.36 and a 200 day moving average price of $17.12. Kinder Morgan, Inc. has a 1 year low of $16.00 and a 1 year high of $19.35.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 19th. The pipeline company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $4.55 billion. Kinder Morgan had a net margin of 14.65% and a return on equity of 7.79%. The business’s quarterly revenue was down 32.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.1 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date was Friday, July 28th. Kinder Morgan’s dividend payout ratio is presently 101.80%.

Insider Activity

In other news, VP John W. Schlosser sold 7,500 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the sale, the vice president now directly owns 12,219 shares in the company, valued at $219,942. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction on Monday, July 24th. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the sale, the vice president now owns 12,219 shares in the company, valued at $219,942. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sital K. Mody sold 55,849 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $17.36, for a total value of $969,538.64. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of several recent analyst reports. StockNews.com initiated coverage on shares of Kinder Morgan in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Wolfe Research upgraded Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, July 12th. Barclays decreased their price target on Kinder Morgan from $20.00 to $19.00 in a research note on Tuesday, July 18th. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 target price on shares of Kinder Morgan in a research report on Thursday, July 20th. Finally, Stifel Nicolaus upped their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.22.

Kinder Morgan Profile

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 gasification, liquefaction, and storage facilities.