Kinder Morgan, Inc. $KMI Stock Holdings Increased by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 2.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 584,979 shares of the pipeline company’s stock after acquiring an additional 16,240 shares during the period. Capital Investment Advisors LLC’s holdings in Kinder Morgan were worth $16,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in Kinder Morgan during the second quarter worth $1,162,802,000. AQR Capital Management LLC raised its holdings in shares of Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Merewether Investment Management LP acquired a new stake in shares of Kinder Morgan during the second quarter worth $138,477,000. Zimmer Partners LP lifted its position in shares of Kinder Morgan by 177.8% in the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after buying an additional 3,885,000 shares during the last quarter. Finally, 59 North Capital Management LP boosted its holdings in shares of Kinder Morgan by 54.5% in the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock valued at $311,563,000 after buying an additional 3,739,398 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $33.30, for a total transaction of $51,615.00. Following the transaction, the vice president owned 46,393 shares of the company’s stock, valued at approximately $1,544,886.90. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the sale, the vice president directly owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 48,048 shares of company stock valued at $1,469,863. Corporate insiders own 12.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. TD Cowen lifted their target price on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group upped their target price on Kinder Morgan from $31.00 to $36.00 and gave the company a “hold” rating in a report on Tuesday. Morgan Stanley raised their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, UBS Group restated a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.21.

Check Out Our Latest Research Report on KMI

Kinder Morgan News Summary

Here are the key news stories impacting Kinder Morgan this week:

Kinder Morgan Stock Performance

Shares of KMI stock opened at $34.05 on Friday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $34.73. The firm has a market capitalization of $75.74 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 3.12 and a beta of 0.68. The business has a 50 day simple moving average of $31.97 and a 200 day simple moving average of $28.83. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating 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 firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s payout ratio is currently 85.40%.

Kinder Morgan Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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