Stockman Wealth Management Inc. Lowers Stock Position in Kinder Morgan Inc (NYSE:KMI)

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Stockman Wealth Management Inc. cut its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,080 shares of the pipeline company’s stock after selling 655 shares during the period. Stockman Wealth Management Inc.’s holdings in Kinder Morgan were worth $482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sepio Capital LLC lifted its holdings in shares of Kinder Morgan by 10.9% during the second quarter. Sepio Capital LLC now owns 124,613 shares of the pipeline company’s stock worth $2,602,000 after purchasing an additional 12,198 shares during the period. BB&T Securities LLC lifted its holdings in shares of Kinder Morgan by 1.8% during the second quarter. BB&T Securities LLC now owns 1,633,022 shares of the pipeline company’s stock worth $34,097,000 after purchasing an additional 29,437 shares during the period. Banco Santander S.A. lifted its holdings in shares of Kinder Morgan by 527.9% during the second quarter. Banco Santander S.A. now owns 64,587 shares of the pipeline company’s stock worth $1,348,000 after purchasing an additional 54,300 shares during the period. Valmark Advisers Inc. acquired a new stake in shares of Kinder Morgan during the second quarter worth $207,000. Finally, Dakota Wealth Management lifted its holdings in shares of Kinder Morgan by 52.9% during the second quarter. Dakota Wealth Management now owns 116,485 shares of the pipeline company’s stock worth $2,432,000 after purchasing an additional 40,317 shares during the period. 62.81% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on KMI. Wolfe Research raised Kinder Morgan from an “underperform” rating to a “peer perform” rating in a report on Thursday, August 22nd. Stifel Nicolaus downgraded Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a report on Monday, June 17th. Zacks Investment Research reissued a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a report on Saturday, June 29th. BMO Capital Markets downgraded Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a report on Monday, July 29th. Finally, ValuEngine downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.75.

In other Kinder Morgan news, insider Richard D. Kinder purchased 400,000 shares of the stock in a transaction on Friday, August 23rd. The stock was bought at an average price of $19.95 per share, for a total transaction of $7,980,000.00. Following the acquisition, the insider now directly owns 241,579,496 shares of the company’s stock, valued at $4,819,510,945.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard D. Kinder acquired 300,000 shares of Kinder Morgan stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average cost of $19.68 per share, for a total transaction of $5,904,000.00. Following the completion of the purchase, the insider now directly owns 241,179,496 shares in the company, valued at $4,746,412,481.28. The disclosure for this purchase can be found here. Insiders acquired a total of 1,005,000 shares of company stock valued at $19,911,550 in the last 90 days. 13.95% of the stock is owned by company insiders.

Kinder Morgan stock traded up $0.08 during midday trading on Tuesday, reaching $20.00. The company’s stock had a trading volume of 305,204 shares, compared to its average volume of 15,361,786. Kinder Morgan Inc has a fifty-two week low of $14.62 and a fifty-two week high of $21.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.33 and a current ratio of 0.41. The stock’s 50 day simple moving average is $20.48 and its 200 day simple moving average is $20.10. The firm has a market capitalization of $45.30 billion, a PE ratio of 22.50, a P/E/G ratio of 4.10 and a beta of 0.86.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.59 billion. Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. Equities analysts predict that Kinder Morgan Inc will post 0.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Tuesday, July 30th. Kinder Morgan’s dividend payout ratio (DPR) is 112.36%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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