Arkfeld Wealth Strategies L.L.C. Reduces Stake in Kinder Morgan, Inc. (NYSE:KMI)

Arkfeld Wealth Strategies L.L.C. cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 210,479 shares of the pipeline company’s stock after selling 2,220 shares during the period. Kinder Morgan accounts for about 2.4% of Arkfeld Wealth Strategies L.L.C.’s investment portfolio, making the stock its 10th biggest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in Kinder Morgan were worth $4,972,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Pathway Financial Advisers LLC acquired a new stake in Kinder Morgan in the 1st quarter worth about $30,000. HWG Holdings LP bought a new stake in shares of Kinder Morgan during the 2nd quarter valued at $30,000. OFI Invest Asset Management bought a new position in shares of Kinder Morgan in the first quarter worth $31,000. Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan in the first quarter valued at about $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kinder Morgan during the second quarter worth about $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America raised Kinder Morgan from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $27.00 in a report on Friday. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, July 19th. UBS Group increased their target price on shares of Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.18.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the president now directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The trade was 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 148,311 shares of company stock valued at $3,121,891 over the last three months. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.03 during midday trading on Tuesday, reaching $24.85. The company’s stock had a trading volume of 7,850,867 shares, compared to its average volume of 13,751,011. 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 capitalization of $55.15 billion, a P/E ratio of 22.62, a PEG ratio of 3.27 and a beta of 0.93. The firm has a 50 day moving average price of $21.80 and a 200-day moving average price of $20.31. Kinder Morgan, Inc. has a 12-month low of $15.91 and a 12-month high of $25.02.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

About Kinder Morgan

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.