Southern Capital Advisors LLC Invests $207,000 in Kinder Morgan, Inc. (NYSE:KMI)

Southern Capital Advisors LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,375 shares of the pipeline company’s stock, valued at approximately $207,000.

Other large investors have also bought and sold shares of the company. SteelPeak Wealth LLC lifted its position in Kinder Morgan by 49.9% during the first quarter. SteelPeak Wealth LLC now owns 48,938 shares of the pipeline company’s stock valued at $898,000 after purchasing an additional 16,292 shares during the last quarter. LVW Advisors LLC lifted its holdings in Kinder Morgan by 36.4% in the first quarter. LVW Advisors LLC now owns 24,226 shares of the pipeline company’s stock worth $444,000 after buying an additional 6,464 shares during the period. Kowal Investment Group LLC boosted its holdings in shares of Kinder Morgan by 15.2% during the 1st quarter. Kowal Investment Group LLC now owns 16,859 shares of the pipeline company’s stock valued at $309,000 after buying an additional 2,223 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Kinder Morgan by 30.8% in the first quarter. Farmers & Merchants Investments Inc. now owns 18,262 shares of the pipeline company’s stock worth $335,000 after acquiring an additional 4,300 shares during the last quarter. Finally, MV Capital Management Inc. increased its position in shares of Kinder Morgan by 45.7% during the first quarter. MV Capital Management Inc. now owns 2,083 shares of the pipeline company’s stock valued at $38,000 after acquiring an additional 653 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 0.6 %

NYSE KMI opened at $24.80 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.46. The company’s 50-day simple moving average is $22.50 and its two-hundred day simple moving average is $20.72. Kinder Morgan, Inc. has a one year low of $15.91 and a one year high of $25.43. The company has a market capitalization of $55.04 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last issued 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 company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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 annualized dividend and a yield of 4.64%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of Kinder Morgan 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 owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Sital K. Mody sold 25,169 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 817,040 shares of company stock valued at $19,747,879 in the last three months. 12.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Barclays raised their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. UBS Group raised their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of 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 issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.91.

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.