Kinder Morgan, Inc. $KMI Shares Acquired by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,223,913 shares of the pipeline company’s stock after buying an additional 2,895 shares during the quarter. Berkshire Asset Management LLC PA owned approximately 0.06% of Kinder Morgan worth $33,396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. boosted its holdings in Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after purchasing an additional 794,388 shares in the last quarter. Bridgewealth Advisory Group LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $377,000. Burney Co. boosted its holdings in Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after purchasing an additional 252,736 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Kinder Morgan by 402.5% in the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company’s stock valued at $1,124,000 after purchasing an additional 31,553 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in Kinder Morgan by 16.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 389,588 shares of the pipeline company’s stock valued at $10,675,000 after purchasing an additional 56,147 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $27.80, for a total value of $171,414.80. Following the completion of the transaction, the vice president owned 232,034 shares in the company, valued at $6,450,545.20. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares of the company’s stock, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,842 shares of company stock valued at $3,896,180. Company insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KMI shares. Barclays reiterated an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research note on Monday, July 7th. Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating for the company. TD Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, Scotiabank boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 18th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Kinder Morgan Stock Performance

NYSE:KMI opened at $26.23 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $31.48. The stock has a market cap of $58.29 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 3.36 and a beta of 0.78. The firm’s fifty day simple moving average is $27.71 and its 200-day simple moving average is $27.36.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect that Kinder Morgan, Inc. will post 1.25 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, August 15th. Stockholders of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.5%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

About Kinder Morgan

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.