676,125 Shares in Kinder Morgan, Inc. $KMI Bought by DDD Partners LLC

DDD Partners LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 676,125 shares of the pipeline company’s stock, valued at approximately $19,141,000. Kinder Morgan makes up about 1.2% of DDD Partners LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMI. WJ Financial Advisors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at about $1,008,000. International Private Wealth Advisors LLC purchased a new position in Kinder Morgan in the 3rd quarter worth approximately $531,000. Templeton & Phillips Capital Management LLC acquired a new stake in Kinder Morgan in the third quarter valued at approximately $453,000. Metis Global Partners LLC raised its stake in shares of Kinder Morgan by 27.2% during the third quarter. Metis Global Partners LLC now owns 250,427 shares of the pipeline company’s stock valued at $7,090,000 after purchasing an additional 53,616 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Kinder Morgan by 17.7% during the third quarter. Assetmark Inc. now owns 55,514 shares of the pipeline company’s stock worth $1,572,000 after purchasing an additional 8,368 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $32.30 on Friday. The stock has a market capitalization of $71.86 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.61 and a beta of 0.70. The business’s fifty day moving average price is $28.31 and its 200 day moving average price is $27.53. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $32.34.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping 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 analysts’ expectations of $4.33 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business 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 $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s payout ratio is presently 85.40%.

Analyst Ratings Changes

A number of research firms recently weighed in on KMI. TD Cowen raised their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Morgan Stanley reiterated a “buy” rating on shares of Kinder Morgan in a research note on Friday, January 30th. Royal Bank Of Canada raised their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Finally, Mizuho dropped their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.38.

Insider Activity

In related news, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William A. Smith bought 3,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was bought at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the purchase, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. The trade was a 10.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 38,498 shares of company stock valued at $1,126,515. 12.73% of the stock is currently owned by insiders.

About Kinder Morgan

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.