Napa Wealth Management Acquires Shares of 51,265 Kinder Morgan, Inc. (NYSE:KMI)

Napa Wealth Management purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 51,265 shares of the pipeline company's stock, valued at approximately $1,132,000.

A number of other institutional investors also recently bought and sold shares of KMI. Intech Investment Management LLC boosted its position in Kinder Morgan by 198.5% in the 1st quarter. Intech Investment Management LLC now owns 48,954 shares of the pipeline company's stock worth $898,000 after purchasing an additional 32,552 shares in the last quarter. TIAA Trust National Association acquired a new stake in Kinder Morgan during the first quarter valued at $304,000. Acadian Asset Management LLC increased its holdings in Kinder Morgan by 186.8% in the first quarter. Acadian Asset Management LLC now owns 47,437 shares of the pipeline company's stock valued at $868,000 after buying an additional 30,899 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Kinder Morgan by 245.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 118,613 shares of the pipeline company's stock worth $2,175,000 after acquiring an additional 84,236 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Kinder Morgan by 41.4% during the 1st quarter. Covestor Ltd now owns 4,084 shares of the pipeline company's stock valued at $75,000 after acquiring an additional 1,196 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of several research analyst reports. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a report on Friday, October 18th. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a "buy" rating and a $27.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 25th. Stifel Nicolaus increased their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. Finally, Wells Fargo & Company boosted their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.36.

Kinder Morgan Trading Up 1.9 %

Shares of NYSE KMI traded up $0.51 during mid-day trading on Monday, reaching $27.78. 15,749,973 shares of the company's stock were exchanged, compared to its average volume of 13,880,794. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm has a market capitalization of $61.72 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.75 and a beta of 0.91. The company's 50-day moving average is $23.84 and its 200-day moving average is $21.50. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $27.84.

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). The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan's quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.14%. Kinder Morgan's payout ratio is 100.88%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company's stock.

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.