Kinder Morgan, Inc. (NYSE:KMI) Holdings Raised by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,144 shares of the pipeline company’s stock after acquiring an additional 14,177 shares during the period. Benedict Financial Advisors Inc.’s holdings in Kinder Morgan were worth $2,853,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the third quarter valued at about $28,000. Pathway Financial Advisers LLC bought a new stake in Kinder Morgan in the first quarter worth approximately $30,000. HWG Holdings LP bought a new stake in Kinder Morgan in the second quarter worth $30,000. Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan during the first quarter worth $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan in the second quarter worth about $31,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.04 during trading on Friday, hitting $24.95. 16,549,827 shares of the stock were exchanged, compared to its average volume of 14,480,738. The company has a market capitalization of $55.43 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.46. Kinder Morgan, Inc. has a 1-year low of $15.91 and a 1-year high of $25.43. The company’s fifty day simple moving average is $22.50 and its 200-day simple moving average is $20.69.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the business’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 sale, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, 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 ownership of the stock. 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 dated 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 sale, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 817,040 shares of company stock valued at $19,747,879. Corporate insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMI. Wells Fargo & Company raised their price objective on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Barclays boosted their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 19th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $24.91.

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.