Inspire Investing LLC Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Inspire Investing LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 208,793 shares of the pipeline company’s stock after selling 12,568 shares during the period. Inspire Investing LLC’s holdings in Kinder Morgan were worth $4,612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC raised its stake in Kinder Morgan by 36.7% in the 4th quarter. V Square Quantitative Management LLC now owns 33,313 shares of the pipeline company’s stock valued at $588,000 after purchasing an additional 8,952 shares during the last quarter. Beacon Financial Group lifted its stake in shares of Kinder Morgan by 42.0% in the fourth quarter. Beacon Financial Group now owns 29,919 shares of the pipeline company’s stock worth $528,000 after buying an additional 8,845 shares in the last quarter. EP Wealth Advisors LLC boosted its position in Kinder Morgan by 14.1% during the fourth quarter. EP Wealth Advisors LLC now owns 74,764 shares of the pipeline company’s stock worth $1,319,000 after acquiring an additional 9,231 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at about $152,000. Finally, SageView Advisory Group LLC lifted its stake in Kinder Morgan by 13.8% in the 4th quarter. SageView Advisory Group LLC now owns 23,460 shares of the pipeline company’s stock worth $404,000 after purchasing an additional 2,853 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. This trade 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 is accessible through the SEC website. In other news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock valued at $3,121,891 in the last 90 days. Company insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KMI shares. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Bank of America upgraded Kinder Morgan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $27.00 in a report on Friday. Argus raised 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. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus increased their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.18.

Kinder Morgan Trading Up 4.1 %

KMI opened at $24.70 on Friday. Kinder Morgan, Inc. has a 52 week low of $15.91 and a 52 week high of $24.70. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $21.70 and a 200-day simple moving average of $20.25. The firm has a market cap of $54.82 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.27 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.66%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Kinder Morgan 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.