Empire Financial Management Company LLC Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Empire Financial Management Company LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 73.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,400 shares of the pipeline company's stock after purchasing an additional 35,000 shares during the period. Empire Financial Management Company LLC's holdings in Kinder Morgan were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Coldstream Capital Management Inc. grew its position in shares of Kinder Morgan by 17.9% in the third quarter. Coldstream Capital Management Inc. now owns 42,217 shares of the pipeline company's stock valued at $961,000 after purchasing an additional 6,404 shares in the last quarter. Ashford Capital Management Inc. purchased a new position in Kinder Morgan in the third quarter worth approximately $1,733,000. Barclays PLC grew its position in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. Continuum Advisory LLC grew its position in Kinder Morgan by 9.3% in the third quarter. Continuum Advisory LLC now owns 9,438 shares of the pipeline company's stock worth $208,000 after acquiring an additional 806 shares during the period. Finally, LRI Investments LLC grew its position in Kinder Morgan by 26.8% in the third quarter. LRI Investments LLC now owns 4,511 shares of the pipeline company's stock worth $100,000 after acquiring an additional 953 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.8 %

Shares of NYSE KMI traded up $0.22 during mid-day trading on Wednesday, hitting $27.11. The company had a trading volume of 6,936,670 shares, compared to its average volume of 13,783,102. The company has a market capitalization of $60.23 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81. The business's 50-day simple moving average is $25.95 and its 200 day simple moving average is $22.54.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm's 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. On average, analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan's dividend payout ratio is presently 100.88%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company's stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 727,263 shares of company stock worth $18,075,634 over the last ninety days. Corporate insiders own 12.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KMI. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research report on Friday, October 18th. UBS Group increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. The Goldman Sachs Group increased their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Barclays increased their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company upped their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $25.75.

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.