Kinder Morgan, Inc. $KMI Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 300,587 shares of the pipeline company’s stock after acquiring an additional 36,323 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kinder Morgan were worth $8,510,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Creative Financial Designs Inc. ADV lifted its position in Kinder Morgan by 14.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after buying an additional 357 shares during the period. L.M. Kohn & Company lifted its holdings in shares of Kinder Morgan by 3.4% during the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after acquiring an additional 360 shares during the period. Golden State Equity Partners boosted its position in shares of Kinder Morgan by 2.2% in the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after acquiring an additional 368 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in Kinder Morgan by 4.2% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 374 shares during the period. Finally, Fiduciary Financial Group LLC increased its position in Kinder Morgan by 2.6% during the third quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock worth $437,000 after purchasing an additional 392 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the sale, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 38,498 shares of company stock valued at $1,107,462. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $30.50 on Friday. The firm has a market capitalization of $67.85 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $30.57. The stock’s 50 day moving average price is $27.57 and its 200 day moving average price is $27.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be issued a $0.2925 dividend. The ex-dividend date is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.8%. Kinder Morgan’s payout ratio is currently 85.40%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research analyst reports. Mizuho decreased their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. TD Cowen upped their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.