Kinder Morgan Sees Unusually High Options Volume (KMI)

Kinder Morgan Inc (NYSE:KMI) saw unusually large options trading activity on Thursday. Stock traders purchased 60,890 put options on the company. This is an increase of 1,888% compared to the average daily volume of 3,063 put options.

In related news, VP Thomas A. Martin purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was bought at an average cost of $17.10 per share, with a total value of $51,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.99% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Kinder Morgan by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock valued at $267,575,000 after acquiring an additional 2,048,560 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in shares of Kinder Morgan by 11.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after acquiring an additional 1,373,610 shares in the last quarter. Legal & General Group Plc increased its position in shares of Kinder Morgan by 6.0% during the third quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock valued at $217,014,000 after acquiring an additional 636,683 shares in the last quarter. Brookfield Asset Management Inc. increased its position in shares of Kinder Morgan by 4.3% during the second quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock valued at $207,769,000 after acquiring an additional 447,389 shares in the last quarter. Finally, Cohen & Steers Inc. increased its position in shares of Kinder Morgan by 22.7% during the third quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock valued at $186,881,000 after acquiring an additional 1,801,348 shares in the last quarter. 60.78% of the stock is owned by institutional investors.

Kinder Morgan (NYSE KMI) opened at $19.01 on Friday. The firm has a market cap of $42,450.00, a P/E ratio of 1,901.00, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00. Kinder Morgan has a one year low of $16.68 and a one year high of $23.01.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. equities research analysts expect that Kinder Morgan will post 0.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 5,000.00%.

A number of equities analysts recently issued reports on the stock. Wells Fargo & Co reissued a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Bank of America started coverage on shares of Kinder Morgan in a research note on Tuesday, January 9th. They set a “neutral” rating for the company. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Credit Suisse Group started coverage on shares of Kinder Morgan in a research note on Thursday, January 4th. They set an “outperform” rating and a $23.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.72.

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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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