OneDigital Investment Advisors LLC Has $985,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

OneDigital Investment Advisors LLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,609 shares of the pipeline company’s stock after selling 1,076 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Kinder Morgan were worth $985,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan in the third quarter valued at about $28,000. Pathway Financial Advisers LLC bought a new stake in Kinder Morgan during the first quarter worth $30,000. HWG Holdings LP bought a new position in Kinder Morgan in the second quarter valued at about $30,000. Planning Capital Management Corp lifted its holdings in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $31,000. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction on 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 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. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Trading Up 1.9 %

KMI opened at $27.79 on Tuesday. The firm has a market capitalization of $61.73 billion, a PE ratio of 24.37, a P/E/G ratio of 3.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $27.84. The company’s 50-day moving average is $23.98 and its 200 day moving average is $21.57.

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). The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is currently 100.88%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMI. The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Royal Bank of Canada increased 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. Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Eight investment 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. According to MarketBeat.com, the company 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.