Kinder Morgan, Inc. (KMI) Shares Sold by Northern Oak Wealth Management Inc.

Northern Oak Wealth Management Inc. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,143 shares of the pipeline company’s stock after selling 7,802 shares during the period. Northern Oak Wealth Management Inc.’s holdings in Kinder Morgan were worth $1,329,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC increased its position in Kinder Morgan by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 18,529 shares of the pipeline company’s stock valued at $403,000 after buying an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in Kinder Morgan by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock valued at $161,000 after buying an additional 60 shares during the last quarter. Sippican Capital Advisors increased its position in Kinder Morgan by 0.7% in the first quarter. Sippican Capital Advisors now owns 11,165 shares of the pipeline company’s stock valued at $243,000 after buying an additional 75 shares during the last quarter. San Francisco Sentry Investment Group CA increased its position in Kinder Morgan by 0.8% in the first quarter. San Francisco Sentry Investment Group CA now owns 12,186 shares of the pipeline company’s stock valued at $265,000 after buying an additional 101 shares during the last quarter. Finally, Chatham Capital Group Inc. increased its position in Kinder Morgan by 0.5% in the first quarter. Chatham Capital Group Inc. now owns 39,950 shares of the pipeline company’s stock valued at $869,000 after buying an additional 200 shares during the last quarter. 57.53% of the stock is owned by institutional investors.

Kinder Morgan, Inc. (NYSE:KMI) opened at 20.69 on Friday. Kinder Morgan, Inc. has a one year low of $18.31 and a one year high of $23.36. The company has a 50-day moving average price of $19.11 and a 200-day moving average price of $20.73. The firm has a market cap of $46.19 billion, a PE ratio of 68.51 and a beta of 0.63.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 19th. The pipeline company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. Kinder Morgan had a return on equity of 4.41% and a net margin of 6.20%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the company posted $0.15 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that Kinder Morgan, Inc. will post $0.66 earnings per share for the current fiscal year.

Kinder Morgan declared that its board has authorized a share buyback program on Wednesday, July 19th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the pipeline company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, July 27th. Kinder Morgan’s dividend payout ratio (DPR) is presently 161.29%.

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Several equities analysts have weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $25.00 price target on shares of Kinder Morgan in a research report on Friday, July 14th. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $23.00 price target (down previously from $27.00) on shares of Kinder Morgan in a research report on Tuesday, June 20th. TD Securities set a $26.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $25.00 price target (down previously from $26.50) on shares of Kinder Morgan in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $24.03.

In related news, VP Dax Sanders purchased 2,600 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of $18.60 per share, with a total value of $48,360.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard D. Kinder purchased 500,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average cost of $18.58 per share, for a total transaction of $9,290,000.00. Following the completion of the purchase, the insider now directly owns 234,712,353 shares of the company’s stock, valued at approximately $4,360,955,518.74. The disclosure for this purchase can be found here. Corporate insiders own 13.99% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.