CWA Asset Management Group LLC Invests $1.32 Million in Kinder Morgan, Inc. (NYSE:KMI)

CWA Asset Management Group LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 59,507 shares of the pipeline company's stock, valued at approximately $1,315,000.

A number of other institutional investors also recently modified their holdings of KMI. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter valued at $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter valued at $30,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at $31,000. Finally, HM Payson & Co. boosted its stake in shares of Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after buying an additional 1,145 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on KMI. Wells Fargo & Company lifted their price objective 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. Barclays lifted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Bank of America began coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a "buy" rating and a $27.00 price objective for the company. UBS Group lifted their price objective on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.09.

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan 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 completion of the transaction, the director now owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 710,992 shares of company stock worth $17,619,823. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

KMI traded up $0.47 during trading on Friday, hitting $26.88. The stock had a trading volume of 17,402,049 shares, compared to its average volume of 15,660,194. The firm has a market cap of $59.72 billion, a PE ratio of 23.58, a P/E/G ratio of 3.63 and a beta of 0.91. Kinder Morgan, Inc. has a 12 month low of $16.17 and a 12 month high of $27.00. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a 50 day simple moving average of $23.28 and a 200-day simple moving average of $21.19.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.28%. Kinder Morgan's payout ratio is 100.88%.

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.