Janney Montgomery Scott LLC Raises Stake in Kinder Morgan, Inc. (NYSE:KMI)

Janney Montgomery Scott LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,531,624 shares of the pipeline company’s stock after purchasing an additional 17,343 shares during the period. Janney Montgomery Scott LLC’s holdings in Kinder Morgan were worth $33,834,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in KMI. Vanguard Group Inc. increased its stake in shares of Kinder Morgan by 15.8% during the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after acquiring an additional 27,254,172 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Kinder Morgan by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after purchasing an additional 257,658 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Kinder Morgan by 23.6% in the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after purchasing an additional 2,125,648 shares in the last quarter. Energy Income Partners LLC lifted its holdings in shares of Kinder Morgan by 2.6% in the first quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock valued at $196,558,000 after purchasing an additional 272,648 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its holdings in shares of Kinder Morgan by 45.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after purchasing an additional 3,135,457 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.3 %

Kinder Morgan stock opened at $24.49 on Tuesday. The firm’s 50-day moving average is $22.91 and its 200-day moving average is $21.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 1 year low of $16.17 and a 1 year high of $25.43. The company has a market cap of $54.41 billion, a P/E ratio of 21.48, a PEG ratio of 3.03 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays upped 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. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Wells Fargo & Company upped 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. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Eight equities 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.09.

Insiders Place Their Bets

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’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 completion of the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company’s stock, 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. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan 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.