Kinder Morgan Inc (KMI) Short Interest Update

Kinder Morgan Inc (NYSE:KMI) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 39,892,543 shares, a decline of 19.4% from the October 31st total of 49,483,097 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 13,115,284 shares, the short-interest ratio is presently 3.0 days.

In other news, insider Richard D. Kinder bought 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The stock was acquired at an average cost of $17.55 per share, with a total value of $8,775,000.00. Following the transaction, the insider now directly owns 235,212,353 shares of the company’s stock, valued at approximately $4,127,976,795.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 14.16% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of KMI. Vanguard Group Inc. grew its holdings in shares of Kinder Morgan by 1.1% in the third quarter. Vanguard Group Inc. now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after acquiring an additional 1,648,894 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Kinder Morgan by 8.3% in the third quarter. Franklin Resources Inc. now owns 52,113,563 shares of the pipeline company’s stock valued at $923,972,000 after acquiring an additional 3,976,516 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Kinder Morgan by 21.6% in the third quarter. Bank of New York Mellon Corp now owns 18,647,482 shares of the pipeline company’s stock valued at $330,620,000 after acquiring an additional 3,314,778 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Kinder Morgan by 33.0% in the third quarter. Clearbridge Investments LLC now owns 18,562,214 shares of the pipeline company’s stock valued at $329,108,000 after acquiring an additional 4,607,468 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. grew its holdings in shares of Kinder Morgan by 13.6% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 18,255,609 shares of the pipeline company’s stock valued at $322,577,000 after acquiring an additional 2,186,054 shares in the last quarter. 61.04% of the stock is owned by hedge funds and other institutional investors.

Shares of KMI opened at $17.07 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.05 and a quick ratio of 0.98. The company has a market cap of $37.66 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 2.31 and a beta of 0.69. Kinder Morgan has a 52 week low of $14.69 and a 52 week high of $19.83.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 17th. The pipeline company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.57 billion. Kinder Morgan had a return on equity of 5.51% and a net margin of 0.78%. The company’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 posted $0.15 EPS. Analysts expect that Kinder Morgan will post 0.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Tuesday, October 30th. Kinder Morgan’s dividend payout ratio is currently 121.21%.

A number of analysts recently commented on KMI shares. ValuEngine raised Kinder Morgan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Goldman Sachs Group started coverage on Kinder Morgan in a research report on Monday, October 8th. They issued a “conviction-buy” rating and a $24.00 target price for the company. Credit Suisse Group started coverage on Kinder Morgan in a research report on Thursday, October 11th. They issued an “outperform” rating and a $23.00 target price for the company. Barclays set a $21.00 target price on Kinder Morgan and gave the company a “buy” rating in a research report on Friday, October 12th. Finally, Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $20.94.

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About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

Further Reading: Short Selling

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