Global Wealth Management Investment Advisory Inc. Increases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Global Wealth Management Investment Advisory Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 25.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 45,743 shares of the pipeline company’s stock after acquiring an additional 9,321 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Kinder Morgan were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the third quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new position in shares of Kinder Morgan during the 1st quarter valued at approximately $30,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the second quarter worth approximately $30,000. Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan in the second quarter worth $31,000. Finally, HM Payson & Co. raised its holdings in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,145 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KMI shares. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Barclays boosted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday. UBS Group lifted their target price on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Finally, Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded up $0.20 during trading on Tuesday, hitting $24.69. 396,557 shares of the stock were exchanged, compared to its average volume of 13,731,604. The stock has a market cap of $54.85 billion, a PE ratio of 21.48, a P/E/G ratio of 2.99 and a beta of 0.91. The stock’s fifty day moving average is $22.91 and its 200 day moving average is $21.00. Kinder Morgan, Inc. has a 12 month low of $16.17 and a 12 month high of $25.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during 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%. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is currently 100.88%.

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.