Brookstone Capital Management Has $9.56 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Brookstone Capital Management grew its holdings in Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 46.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 563,252 shares of the pipeline company’s stock after buying an additional 179,268 shares during the quarter. Brookstone Capital Management’s holdings in Kinder Morgan were worth $9,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Beese Fulmer Investment Management Inc. increased its stake in shares of Kinder Morgan by 4.6% in the second quarter. Beese Fulmer Investment Management Inc. now owns 22,848 shares of the pipeline company’s stock valued at $383,000 after buying an additional 998 shares in the last quarter. Ardevora Asset Management LLP bought a new position in Kinder Morgan in the second quarter valued at about $49,456,000. State of Alaska Department of Revenue boosted its holdings in Kinder Morgan by 41.9% in the second quarter. State of Alaska Department of Revenue now owns 498,826 shares of the pipeline company’s stock valued at $8,360,000 after acquiring an additional 147,405 shares during the last quarter. S.A. Mason LLC boosted its holdings in Kinder Morgan by 65.4% in the second quarter. S.A. Mason LLC now owns 12,692 shares of the pipeline company’s stock valued at $213,000 after acquiring an additional 5,017 shares during the last quarter. Finally, Bard Financial Services Inc. boosted its holdings in Kinder Morgan by 24.2% in the second quarter. Bard Financial Services Inc. now owns 19,250 shares of the pipeline company’s stock valued at $323,000 after acquiring an additional 3,750 shares during the last quarter. 61.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $19.17, for a total transaction of $28,755.00. Following the sale, the vice president now owns 27,219 shares of the company’s stock, valued at $521,788.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $19.17, for a total transaction of $28,755.00. Following the sale, the vice president now owns 27,219 shares of the company’s stock, valued at $521,788.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the sale, the vice president now directly owns 28,719 shares in the company, valued at approximately $516,942. The disclosure for this sale can be found here. 12.51% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KMI shares. The Goldman Sachs Group upgraded Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 price target on the stock in a report on Wednesday, September 7th. Barclays raised their price target on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, August 16th. UBS Group raised their price target on Kinder Morgan to $25.00 in a report on Friday, July 22nd. Finally, US Capital Advisors reiterated a “hold” rating on shares of Kinder Morgan in a report on Wednesday, June 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.00.

Kinder Morgan Price Performance

Shares of KMI opened at $17.85 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 1 year low of $15.01 and a 1 year high of $20.20. The stock has a market cap of $40.22 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 4.97 and a beta of 0.92. The stock’s 50-day moving average price is $18.04 and its two-hundred day moving average price is $18.32.

Kinder Morgan (NYSE:KMIGet Rating) last issued its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The company’s revenue was up 63.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 1st were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend was Friday, July 29th. Kinder Morgan’s dividend payout ratio is currently 103.74%.

Kinder Morgan Company Profile

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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