Icon Wealth Advisors LLC Acquires 33,255 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Icon Wealth Advisors LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 292,779 shares of the pipeline company’s stock after purchasing an additional 33,255 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Kinder Morgan were worth $6,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Lazard Asset Management LLC boosted its stake in shares of Kinder Morgan by 9.2% during the 1st quarter. Lazard Asset Management LLC now owns 26,871 shares of the pipeline company’s stock worth $492,000 after purchasing an additional 2,274 shares during the period. Comerica Bank raised its holdings in shares of Kinder Morgan by 0.4% in the 1st quarter. Comerica Bank now owns 723,774 shares of the pipeline company’s stock valued at $13,274,000 after purchasing an additional 2,568 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Kinder Morgan in the 1st quarter valued at about $525,000. Swedbank AB bought a new stake in shares of Kinder Morgan in the 1st quarter valued at about $6,882,000. Finally, Cetera Investment Advisers raised its holdings in shares of Kinder Morgan by 258.5% in the 1st quarter. Cetera Investment Advisers now owns 1,420,217 shares of the pipeline company’s stock valued at $26,047,000 after purchasing an additional 1,024,096 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.1 %

Kinder Morgan stock opened at $28.07 on Friday. The business’s 50-day moving average price is $25.08 and its 200 day moving average price is $22.05. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market cap of $62.36 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 4.04 and a beta of 0.91. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) 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 firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the company posted $0.25 earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.10%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. UBS Group increased their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Stifel Nicolaus lifted their price target 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. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.67.

Insider Buying and Selling

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is owned by insiders.

About Kinder Morgan

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.