35,595 Shares in Kinder Morgan, Inc. $KMI Bought by WJ Financial Advisors LLC

WJ Financial Advisors LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 35,595 shares of the pipeline company’s stock, valued at approximately $1,008,000. Kinder Morgan comprises about 1.0% of WJ Financial Advisors LLC’s investment portfolio, making the stock its 29th largest holding.

Other hedge funds have also modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $26,000. CoreFirst Bank & Trust purchased a new position in Kinder Morgan in the second quarter worth $35,000. Private Wealth Management Group LLC increased its position in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Kinder Morgan by 314.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter worth $40,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 1.9%

Shares of NYSE:KMI opened at $32.30 on Friday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $32.34. The business has a 50 day moving average of $28.31 and a two-hundred day moving average of $27.53. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $71.86 billion, a PE ratio of 23.58, a PEG ratio of 2.61 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Insider Buying and Selling

In related news, Director William A. Smith purchased 3,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the transaction, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. The trade was a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 38,498 shares of company stock worth $1,126,515. 12.73% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on KMI. Mizuho decreased their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Jefferies Financial Group increased their price objective on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Scotiabank boosted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, TD Cowen upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.