Cary Street Partners Investment Advisory LLC Grows Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Cary Street Partners Investment Advisory LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,475 shares of the pipeline company’s stock after buying an additional 2,122 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Kinder Morgan were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Asahi Life Asset Management CO. LTD. bought a new position in Kinder Morgan during the second quarter valued at about $345,000. NorthCrest Asset Manangement LLC boosted its position in Kinder Morgan by 2.3% during the second quarter. NorthCrest Asset Manangement LLC now owns 197,209 shares of the pipeline company’s stock worth $3,396,000 after purchasing an additional 4,374 shares during the period. Bank of Hawaii raised its position in shares of Kinder Morgan by 10.7% in the second quarter. Bank of Hawaii now owns 24,291 shares of the pipeline company’s stock valued at $418,000 after purchasing an additional 2,339 shares during the period. Ellevest Inc. purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at approximately $96,000. Finally, Chronos Wealth Management LLC lifted its stake in shares of Kinder Morgan by 14.8% during the 2nd quarter. Chronos Wealth Management LLC now owns 22,100 shares of the pipeline company’s stock valued at $381,000 after buying an additional 2,850 shares in the last quarter. Hedge funds and other institutional investors own 62.33% of the company’s stock.

Kinder Morgan Stock Down 0.1 %

Shares of NYSE KMI opened at $16.94 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.30 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average of $16.72 and a 200-day moving average of $16.94. The firm has a market capitalization of $37.65 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 5.13 and a beta of 0.97. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $19.35.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Kinder Morgan had a return on equity of 7.78% and a net margin of 15.54%. Kinder Morgan’s quarterly revenue was down 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.1 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.2825 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.67%. Kinder Morgan’s payout ratio is 102.73%.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of analyst reports. StockNews.com assumed coverage on shares of Kinder Morgan in a report on Thursday, October 5th. They set a “hold” rating on the stock. Pickering Energy Partners initiated coverage on Kinder Morgan in a research note on Tuesday, October 3rd. They set a “neutral” rating on the stock. US Capital Advisors upgraded Kinder Morgan from a “hold” rating to an “overweight” rating in a research note on Friday. The Goldman Sachs Group began coverage on Kinder Morgan in a research report on Thursday, October 5th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Stifel Nicolaus increased their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.38.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.