Albert D Mason Inc. Increases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Albert D Mason Inc. grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,642 shares of the pipeline company’s stock after purchasing an additional 1,051 shares during the period. Albert D Mason Inc.’s holdings in Kinder Morgan were worth $1,627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the third quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new stake in shares of Kinder Morgan in the first quarter valued at about $30,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan in the second quarter valued at about $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the first quarter valued at about $31,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Kinder Morgan during the second quarter worth about $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research analyst reports. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. Stifel Nicolaus raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, UBS Group increased their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.91.

Insider Buying and Selling

In related 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 value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Sital K. Mody sold 25,169 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.04, for a total value of $529,555.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 owns 307,409 shares in the company, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,898 shares of company stock valued at $2,666,865 over the last three months. 12.64% of the stock is owned by company insiders.

Kinder Morgan Trading Up 0.3 %

KMI stock opened at $24.81 on Wednesday. The company has a market capitalization of $55.06 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. Kinder Morgan, Inc. has a one year low of $15.91 and a one year high of $25.43. The company’s 50 day moving average price is $22.27 and its two-hundred day moving average price is $20.58. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the business posted $0.25 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. As a group, analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is 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.