MGO One Seven LLC Buys 739 Shares of Kinder Morgan, Inc. (NYSE:KMI)

MGO One Seven LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,890 shares of the pipeline company’s stock after acquiring an additional 739 shares during the period. MGO One Seven LLC’s holdings in Kinder Morgan were worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of KMI. Hurley Capital LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $25,000. Sierra Ocean LLC boosted its stake in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $29,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 0.1%

Shares of KMI stock opened at $28.09 on Friday. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average of $27.96 and a 200-day moving average of $27.56. The company has a market capitalization of $62.42 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 3.53 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business earned $0.26 EPS. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the sale, the president owned 771,652 shares of the company’s stock, valued at $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average price of $27.21 per share, with a total value of $75,072.39. Following the acquisition, the director directly owned 34,764 shares of the company’s stock, valued at $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KMI has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Stifel Nicolaus raised their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, June 3rd. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research note on Monday, July 7th. Royal Bank Of Canada increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

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.