Richard C. Young & CO. LTD. Has $16.17 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Richard C. Young & CO. LTD. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 731,905 shares of the pipeline company’s stock after acquiring an additional 11,161 shares during the quarter. Kinder Morgan accounts for 1.8% of Richard C. Young & CO. LTD.’s holdings, making the stock its 23rd largest position. Richard C. Young & CO. LTD.’s holdings in Kinder Morgan were worth $16,168,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Intech Investment Management LLC grew its position in Kinder Morgan by 198.5% in the first quarter. Intech Investment Management LLC now owns 48,954 shares of the pipeline company’s stock valued at $898,000 after acquiring an additional 32,552 shares during the period. TIAA Trust National Association acquired a new stake in shares of Kinder Morgan during the first quarter worth approximately $304,000. Acadian Asset Management LLC boosted its holdings in shares of Kinder Morgan by 186.8% in the 1st quarter. Acadian Asset Management LLC now owns 47,437 shares of the pipeline company’s stock worth $868,000 after acquiring an additional 30,899 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in Kinder Morgan by 245.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 118,613 shares of the pipeline company’s stock worth $2,175,000 after acquiring an additional 84,236 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Kinder Morgan by 41.4% during the 1st quarter. Covestor Ltd now owns 4,084 shares of the pipeline company’s stock valued at $75,000 after purchasing an additional 1,196 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Royal Bank of Canada upped their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Barclays lifted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.36.

Kinder Morgan Stock Up 1.9 %

Kinder Morgan stock opened at $27.27 on Monday. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $27.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a market capitalization of $60.58 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.75 and a beta of 0.91. The company’s 50 day simple moving average is $23.84 and its 200 day simple moving average is $21.50.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.22%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Kinder Morgan Company Profile

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.