AlphaCore Capital LLC Acquires 15,900 Shares of Kinder Morgan, Inc. $KMI

AlphaCore Capital LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 267.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,836 shares of the pipeline company’s stock after purchasing an additional 15,900 shares during the quarter. AlphaCore Capital LLC’s holdings in Kinder Morgan were worth $618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $308,000. Schnieders Capital Management LLC. lifted its position in shares of Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after acquiring an additional 7,081 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Kinder Morgan during the 2nd quarter valued at $620,000. Daymark Wealth Partners LLC grew its holdings in shares of Kinder Morgan by 11.0% during the 2nd quarter. Daymark Wealth Partners LLC now owns 13,108 shares of the pipeline company’s stock worth $385,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Spire Wealth Management raised its stake in Kinder Morgan by 11.2% in the second quarter. Spire Wealth Management now owns 13,320 shares of the pipeline company’s stock valued at $392,000 after purchasing an additional 1,338 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.5%

KMI opened at $33.23 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $33.35. The company’s 50 day moving average price is $29.50 and its two-hundred day moving average price is $27.88. The firm has a market capitalization of $73.93 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.72 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. Kinder Morgan’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a $0.2925 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Scotiabank increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Morgan Stanley reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Friday, January 30th. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada upped their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.54.

Insider Buying and Selling

In other news, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 139,428 shares in the company, valued at $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William A. Smith bought 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the acquisition, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. The trade was a 10.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 46,498 shares of company stock worth $1,382,115. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.