Tyler Stone Wealth Management Grows Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Tyler Stone Wealth Management raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 106.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,643 shares of the pipeline company's stock after acquiring an additional 51,843 shares during the period. Tyler Stone Wealth Management's holdings in Kinder Morgan were worth $2,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SignalPoint Asset Management LLC lifted its stake in Kinder Morgan by 1.5% in the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company's stock worth $655,000 after acquiring an additional 447 shares during the last quarter. Trust Co. of Oklahoma raised its holdings in Kinder Morgan by 1.5% during the third quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company's stock worth $742,000 after purchasing an additional 486 shares in the last quarter. Pinnacle West Asset Management Inc. raised its holdings in Kinder Morgan by 0.5% during the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company's stock worth $2,124,000 after purchasing an additional 500 shares in the last quarter. Carson Advisory Inc. raised its holdings in Kinder Morgan by 3.4% during the third quarter. Carson Advisory Inc. now owns 15,901 shares of the pipeline company's stock worth $351,000 after purchasing an additional 522 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Kinder Morgan by 0.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company's stock worth $3,295,000 after purchasing an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMI shares. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 25th. The Goldman Sachs Group reissued a "conviction-buy" rating on shares of Kinder Morgan in a report on Friday, October 18th. Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. Finally, Argus raised shares of Kinder Morgan from a "hold" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Friday, July 19th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.09.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred 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 sale, the president now owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 710,992 shares of company stock valued at $17,619,823. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Up 1.8 %

NYSE:KMI traded up $0.47 on Friday, reaching $26.88. The stock had a trading volume of 17,402,049 shares, compared to its average volume of 15,660,194. The company has a market cap of $59.72 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 3.63 and a beta of 0.91. 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 firm's fifty day moving average is $23.28 and its two-hundred day moving average is $21.19. Kinder Morgan, Inc. has a 12-month low of $16.17 and a 12-month high of $27.00.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its 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 net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter last year, the company posted $0.25 earnings per share. Kinder Morgan's revenue for the quarter was down 5.3% on a year-over-year basis. Equities analysts expect that Kinder Morgan, Inc. will post 1.18 EPS 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. Investors of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 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.