Templeton & Phillips Capital Management LLC Makes New $453,000 Investment in Kinder Morgan, Inc. $KMI

Templeton & Phillips Capital Management LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,000 shares of the pipeline company’s stock, valued at approximately $453,000. Kinder Morgan makes up 0.3% of Templeton & Phillips Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Kinder Morgan by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after acquiring an additional 3,070,609 shares during the period. Geode Capital Management LLC grew its stake in Kinder Morgan by 1.2% during 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 during the last quarter. Norges Bank acquired a new position in shares of Kinder Morgan in the second quarter valued at about $1,162,802,000. Orbis Allan Gray Ltd raised its stake in shares of 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 during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Kinder Morgan by 2.8% during the second quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock worth $645,310,000 after purchasing an additional 603,197 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.8%

KMI opened at $31.72 on Friday. The company has a fifty day moving average of $28.22 and a two-hundred day moving average of $27.50. The stock has a market capitalization of $70.56 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.59 and a beta of 0.70. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.99. 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 earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.33 billion. During the same period last year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm 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. This represents a $1.17 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Insider Activity

In other news, VP John W. Schlosser sold 6,166 shares of the company’s 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 completion of the transaction, the vice president directly owned 195,038 shares of the company’s stock, valued at $5,868,693.42. This represents a 3.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares in the company, valued at $4,182,840. This represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,498 shares of company stock worth $1,126,515 over the last three months. 12.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent research reports. UBS Group reiterated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. TD Cowen raised their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley reissued a “buy” rating on shares of Kinder Morgan in a report on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.38.

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.