Centaurus Financial Inc. Acquires 2,796 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Centaurus Financial Inc. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 30.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,947 shares of the pipeline company’s stock after purchasing an additional 2,796 shares during the period. Centaurus Financial Inc.’s holdings in Kinder Morgan were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMI. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan in the third quarter valued at approximately $28,000. Pathway Financial Advisers LLC acquired a new stake in Kinder Morgan in the first quarter valued at approximately $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan in the second quarter valued at approximately $30,000. Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Kinder Morgan in the second quarter worth $31,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Down 0.1 %

Shares of NYSE KMI opened at $28.07 on Thursday. The company’s 50-day simple moving average is $24.95 and its 200-day simple moving average is $22.01. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.81. The firm has a market cap of $62.36 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 4.01 and a beta of 0.91. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last 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. Equities analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors 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 yield of 4.10%. Kinder Morgan’s payout ratio is presently 100.88%.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost 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 of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on KMI. Royal Bank of Canada raised their price target 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. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, UBS Group raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $25.67.

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.