Kinder Morgan, Inc. $KMI Shares Bought by Cypress Capital Group

Cypress Capital Group grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 33.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,579 shares of the pipeline company’s stock after buying an additional 20,344 shares during the quarter. Cypress Capital Group’s holdings in Kinder Morgan were worth $2,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after acquiring an additional 3,070,609 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kinder Morgan by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after purchasing an additional 599,152 shares in the last quarter. Norges Bank bought a new position in shares of Kinder Morgan during the second quarter worth about $1,162,802,000. Orbis Allan Gray Ltd grew its stake in Kinder Morgan by 3.1% in the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after purchasing an additional 670,856 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Kinder Morgan by 2.8% in the second quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock valued at $645,310,000 after buying an additional 603,197 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

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

Kinder Morgan Stock Up 0.5%

KMI stock opened at $30.24 on Friday. The stock has a market cap of $67.27 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.44 and a beta of 0.69. The firm’s 50-day simple moving average is $27.50 and its 200 day simple moving average is $27.28. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $30.57. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its 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. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. Kinder Morgan’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.9%. Kinder Morgan’s payout ratio is presently 85.40%.

Analysts Set New Price Targets

A number of research analysts have commented on KMI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Scotiabank boosted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. TD Cowen raised their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley set a $35.00 price objective on shares of Kinder Morgan in a research report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.