Kinder Morgan Inc (KMI) Short Interest Up 19.0% in January

Kinder Morgan Inc (NYSE:KMI) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 63,356,199 shares, an increase of 19.0% from the January 12th total of 53,254,730 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average trading volume of 19,622,578 shares, the short-interest ratio is currently 3.2 days.

In related news, Director William A. Smith purchased 5,500 shares of Kinder Morgan stock in a transaction dated Monday, January 22nd. The stock was bought at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the transaction, the director now owns 14,587 shares in the company, valued at $284,738.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas A. Martin purchased 3,000 shares of Kinder Morgan stock in a transaction dated Tuesday, December 5th. The shares were bought at an average price of $17.10 per share, with a total value of $51,300.00. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in KMI. Cubist Systematic Strategies LLC grew its stake in Kinder Morgan by 30.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,659 shares of the pipeline company’s stock worth $453,000 after acquiring an additional 5,470 shares during the period. Wealthsource Partners LLC purchased a new stake in Kinder Morgan in the 2nd quarter worth approximately $192,000. Public Employees Retirement System of Ohio grew its stake in Kinder Morgan by 0.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,329,860 shares of the pipeline company’s stock worth $25,480,000 after acquiring an additional 4,577 shares during the period. North Star Asset Management Inc. grew its stake in Kinder Morgan by 0.6% in the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock worth $192,000 after acquiring an additional 61 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in Kinder Morgan in the 2nd quarter worth approximately $706,000. 60.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Kinder Morgan (NYSE:KMI) opened at $17.24 on Monday. The company has a market cap of $38,500.00, a P/E ratio of 1,724.00, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. Kinder Morgan has a 12 month low of $16.56 and a 12 month high of $22.70.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. Kinder Morgan’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS. equities analysts anticipate that Kinder Morgan will post 0.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.50 annualized dividend and a yield of 2.90%. Kinder Morgan’s payout ratio is currently 5,000.00%.

KMI has been the subject of a number of research reports. Goldman Sachs Group downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating and lifted their price target for the company from $18.81 to $22.00 in a research report on Tuesday, October 17th. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Citigroup cut their price objective on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, October 17th. SunTrust Banks set a $23.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Mizuho restated a “hold” rating and set a $22.00 price objective on shares of Kinder Morgan in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.66.

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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.

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