Capital Square LLC Has $237,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Capital Square LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 23.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,730 shares of the pipeline company’s stock after selling 3,200 shares during the period. Capital Square LLC’s holdings in Kinder Morgan were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. SignalPoint Asset Management LLC increased its holdings in Kinder Morgan by 1.5% in the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after purchasing an additional 447 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of Kinder Morgan by 0.3% in the third quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock valued at $3,193,000 after buying an additional 468 shares during the period. Trust Co. of Oklahoma lifted its position in shares of Kinder Morgan by 1.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock worth $742,000 after purchasing an additional 486 shares during the period. Pinnacle West Asset Management Inc. boosted its position in Kinder Morgan by 0.5% during the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock valued at $2,124,000 after acquiring an additional 500 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in shares of Kinder Morgan by 1.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock valued at $1,221,000 after purchasing an additional 521 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.81% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.05 during trading on Monday, hitting $28.44. 1,186,978 shares of the company’s stock traded hands, compared to its average volume of 13,825,299. The business has a 50 day moving average of $24.56 and a 200-day moving average of $21.84. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $28.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a market capitalization of $63.18 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.10 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last issued 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business earned $0.25 EPS. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.04%. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. UBS Group raised their target price on Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Barclays increased their price target on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.36.

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.