Kinder Morgan, Inc. $KMI Shares Acquired by Cornerstone Capital Inc.

Cornerstone Capital Inc. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% during the third quarter, HoldingsChannel.com reports. The fund owned 313,790 shares of the pipeline company’s stock after buying an additional 16,300 shares during the period. Cornerstone Capital Inc.’s holdings in Kinder Morgan were worth $8,883,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. LFA Lugano Financial Advisors SA acquired a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. CoreFirst Bank & Trust purchased a new position in Kinder Morgan during the second quarter worth approximately $35,000. Private Wealth Management Group LLC lifted its position in Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after buying an additional 595 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Kinder Morgan by 314.6% during the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,032 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. TD Cowen boosted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday. UBS Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Finally, Royal Bank Of Canada increased their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.38.

Kinder Morgan Stock Down 0.1%

Kinder Morgan stock opened at $32.71 on Tuesday. The company has a market capitalization of $72.77 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.70 and a beta of 0.70. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $33.24. The firm has a 50 day moving average price of $28.98 and a 200 day moving average price of $27.73.

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

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s payout ratio is currently 85.40%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director William A. Smith bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average cost of $29.75 per share, with a total value of $89,250.00. Following the purchase, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $30.09, for a total transaction of $185,534.94. Following the sale, the vice president owned 195,038 shares in the company, valued at approximately $5,868,693.42. This trade represents a 3.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,498 shares of company stock valued at $1,382,115 over the last three months. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Company 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.