Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 25.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,732 shares of the pipeline company’s stock after selling 49,293 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Kinder Morgan were worth $2,816,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Kinder Morgan by 0.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock valued at $3,295,000 after purchasing an additional 530 shares during the period. Premier Path Wealth Partners LLC grew its stake in shares of Kinder Morgan by 1.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock valued at $785,000 after buying an additional 545 shares in the last quarter. Newman Dignan & Sheerar Inc. grew its stake in shares of Kinder Morgan by 4.3% in the 1st quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock valued at $242,000 after buying an additional 547 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Kinder Morgan by 4.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock valued at $267,000 after buying an additional 566 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Kinder Morgan by 3.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 15,967 shares of the pipeline company’s stock valued at $317,000 after buying an additional 571 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 2.3 %

KMI opened at $22.59 on Wednesday. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $22.63. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $50.14 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 3.09 and a beta of 0.93. The business has a 50 day moving average of $21.31 and a 200-day moving average of $19.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the prior year, the company posted $0.24 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.09%. Kinder Morgan’s payout ratio is 104.55%.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the transaction, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,311 shares of company stock worth $3,121,891. 12.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on KMI. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, July 19th. Barclays boosted their price target on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Stifel Nicolaus upped their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, Morgan Stanley raised Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price for the company in a research report on Monday, September 16th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.55.

Kinder Morgan Company 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.