International Assets Investment Management LLC Makes New Investment in Kinder Morgan, Inc. $KMI

International Assets Investment Management LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,805 shares of the pipeline company’s stock, valued at approximately $1,826,000.

Several other institutional investors and hedge funds have also made changes to their positions in KMI. BlackRock Inc. boosted its position in shares of Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after acquiring an additional 1,875,143 shares during the last quarter. State Street Corp increased its position in Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after purchasing an additional 5,361,578 shares during the last quarter. Bank of America Corp DE raised its stake in Kinder Morgan by 1.4% during the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after purchasing an additional 836,571 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kinder Morgan by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock valued at $577,998,000 after purchasing an additional 448,130 shares during the last quarter. Finally, Amundi boosted its holdings in Kinder Morgan by 5.8% in the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock valued at $507,332,000 after purchasing an additional 831,125 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Argus raised their target price on Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Weiss Ratings lowered Kinder Morgan from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday. Citigroup boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Finally, TD Cowen lifted their price objective on shares of Kinder Morgan from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $37.15.

Insider Activity at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the sale, the vice president directly owned 47,313 shares of the company’s stock, valued at $1,592,082.45. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Richard Kinder bought 500,000 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of $29.99 per share, for a total transaction of $14,995,000.00. Following the transaction, the chairman directly owned 246,712,353 shares of the company’s stock, valued at approximately $7,398,903,466.47. This represents a 0.20% increase in their position. The disclosure for this purchase is available in the SEC filing. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Stock Up 0.1%

Shares of NYSE KMI opened at $29.98 on Monday. The company has a market capitalization of $66.80 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.09 and a beta of 0.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.55. The business has a 50-day moving average of $32.08 and a two-hundred day moving average of $32.12. Kinder Morgan, Inc. has a 1 year low of $26.03 and a 1 year high of $34.81.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. On average, analysts forecast that Kinder Morgan, Inc. will post 1.57 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s payout ratio is currently 73.46%.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada.

The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.