Ashton Thomas Private Wealth LLC Acquires 12,811 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Ashton Thomas Private Wealth LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 34.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,001 shares of the pipeline company’s stock after acquiring an additional 12,811 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Kinder Morgan were worth $1,105,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Kinder Morgan by 15.8% during the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after acquiring an additional 27,254,172 shares during the period. Castle Hook Partners LP increased its position in shares of Kinder Morgan by 108.2% during the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after purchasing an additional 4,053,793 shares during the period. Duquesne Family Office LLC lifted its position in Kinder Morgan by 74.0% in the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock worth $134,185,000 after purchasing an additional 2,872,665 shares during the period. Clearbridge Investments LLC increased its holdings in Kinder Morgan by 23.6% in the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after buying an additional 2,125,648 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Kinder Morgan by 1,849.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after acquiring an additional 2,053,612 shares during the period. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on KMI. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. UBS Group raised their target price on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. 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. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Finally, Royal Bank of Canada upped their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.09.

Kinder Morgan Price Performance

KMI opened at $26.80 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The stock has a market capitalization of $59.54 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 3.74 and a beta of 0.91. The company’s 50 day simple moving average is $23.51 and its 200-day simple moving average is $21.32. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $27.58.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.29%. Kinder Morgan’s payout ratio is presently 100.88%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is owned by corporate 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.