Jeppson Wealth Management LLC Lowers Position in Kinder Morgan, Inc. (NYSE:KMI)

Jeppson Wealth Management LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 95,333 shares of the pipeline company’s stock after selling 1,584 shares during the period. Jeppson Wealth Management LLC’s holdings in Kinder Morgan were worth $2,106,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the third quarter worth $28,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan during the 1st quarter valued at about $30,000. HWG Holdings LP bought a new stake in Kinder Morgan during the second quarter worth about $30,000. Strategic Financial Concepts LLC bought a new position in shares of Kinder Morgan during the second quarter valued at approximately $31,000. Finally, HM Payson & Co. lifted its holdings in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Scotiabank upped their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Royal Bank of Canada lifted their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. UBS Group raised their price objective on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 19th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

Kinder Morgan Trading Up 1.5 %

Shares of NYSE:KMI opened at $27.27 on Tuesday. 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 $60.58 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.70 and a beta of 0.91. The stock’s 50-day simple moving average is $23.28 and its two-hundred day simple moving average is $21.20. Kinder Morgan, Inc. has a 52-week low of $16.34 and a 52-week high of $27.33.

Kinder Morgan (NYSE:KMI) last released its quarterly 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 for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.22%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 value of $502,499.88. Following the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

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.