Kinder Morgan, Inc. $KMI Shares Purchased by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 15.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,452,111 shares of the pipeline company’s stock after buying an additional 1,682,241 shares during the period. Kinder Morgan makes up approximately 7.7% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 6th biggest position. Kayne Anderson Capital Advisors LP owned about 0.56% of Kinder Morgan worth $352,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $26,000. CoreFirst Bank & Trust purchased a new stake in Kinder Morgan in the second quarter valued at approximately $35,000. Private Wealth Management Group LLC lifted its stake 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 purchasing an additional 595 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of 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 period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at $40,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares in the company, valued at $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William A. Smith purchased 3,000 shares of the company’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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 46,498 shares of company stock valued at $1,382,115. 12.73% of the stock is owned by insiders.

Kinder Morgan Stock Down 0.1%

Shares of NYSE:KMI opened at $32.66 on Wednesday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $33.24. The firm’s 50 day moving average price is $29.11 and its 200 day moving average price is $27.77. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The stock has a market cap of $72.67 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 2.69 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KMI. Stifel Nicolaus increased their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. TD Cowen raised their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Mizuho dropped their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a report on Friday. Finally, UBS Group restated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.