Clarity Financial LLC Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Clarity Financial LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,420 shares of the pipeline company’s stock after acquiring an additional 982 shares during the quarter. Clarity Financial LLC’s holdings in Kinder Morgan were worth $252,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter valued at $28,000. Pathway Financial Advisers LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan during the second quarter worth about $30,000. Strategic Financial Concepts LLC purchased a new position in shares of Kinder Morgan in the 2nd quarter worth about $31,000. Finally, HM Payson & Co. grew its holdings 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 worth $32,000 after purchasing an additional 1,145 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 1.3 %

Shares of NYSE:KMI opened at $24.49 on Tuesday. Kinder Morgan, Inc. has a twelve month low of $16.17 and a twelve month high of $25.43. The firm has a market cap of $54.41 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.99 and a beta of 0.91. The company has a 50 day moving average of $22.91 and a 200-day moving average of $21.00. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion for 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 for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is 100.88%.

Wall Street Analysts Forecast Growth

KMI has been the topic of several analyst reports. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. UBS Group lifted their price objective on shares of Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. 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. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.09.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were 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 $168,543,985.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.64% of the stock is owned by insiders.

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.