Kinder Morgan, Inc. (NYSE:KMI) was the recipient of unusually large options trading activity on Thursday. Traders purchased 10,737 put options on the company. This is an increase of 548% compared to the average volume of 1,658 put options.

KMI has been the topic of a number of research analyst reports. Credit Suisse Group set a $27.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, April 20th. Raymond James Financial, Inc. reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, May 31st. Wells Fargo & Company reissued an “outperform” rating and issued a $25.00 price target (down from $26.50) on shares of Kinder Morgan in a report on Monday, May 15th. BMO Capital Markets set a $26.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Tuesday, June 20th. Finally, Wolfe Research downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $26.00 to $21.00 in a report on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.22.

Shares of Kinder Morgan (KMI) opened at 19.54 on Friday. The stock’s 50 day moving average price is $19.12 and its 200 day moving average price is $20.89. The company has a market capitalization of $43.62 billion, a PE ratio of 64.70 and a beta of 0.63. Kinder Morgan has a 12 month low of $17.95 and a 12 month high of $23.36.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. Kinder Morgan had a return on equity of 4.62% and a net margin of 6.27%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the previous year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts forecast that Kinder Morgan will post $0.66 EPS for the current year.

In related news, VP Dax Sanders purchased 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average cost of $18.60 per share, with a total value of $48,360.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard D. Kinder purchased 500,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the insider now directly owns 234,712,353 shares in the company, valued at approximately $4,360,955,518.74. The disclosure for this purchase can be found here. 13.99% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of KMI. OLD National Bancorp IN boosted its position in Kinder Morgan by 5.3% in the second quarter. OLD National Bancorp IN now owns 26,731 shares of the pipeline company’s stock worth $513,000 after buying an additional 1,344 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Kinder Morgan by 544.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 326,192 shares of the pipeline company’s stock worth $6,250,000 after buying an additional 275,587 shares during the last quarter. BTR Capital Management Inc. boosted its position in Kinder Morgan by 11.8% in the second quarter. BTR Capital Management Inc. now owns 430,222 shares of the pipeline company’s stock worth $8,243,000 after buying an additional 45,565 shares during the last quarter. Woodstock Corp boosted its position in Kinder Morgan by 1.3% in the second quarter. Woodstock Corp now owns 74,788 shares of the pipeline company’s stock worth $1,433,000 after buying an additional 950 shares during the last quarter. Finally, Adams Asset Advisors LLC boosted its position in Kinder Morgan by 9.4% in the second quarter. Adams Asset Advisors LLC now owns 175,123 shares of the pipeline company’s stock worth $3,355,000 after buying an additional 15,037 shares during the last quarter. 57.56% of the stock is currently owned by hedge funds and other institutional investors.

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Kinder Morgan Company Profile

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.

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