Traders Buy Shares of Kinder Morgan (KMI) on Weakness
Investors bought shares of Kinder Morgan (NYSE:KMI) on weakness during trading on Friday. $62.16 million flowed into the stock on the tick-up and $23.26 million flowed out of the stock on the tick-down, for a money net flow of $38.90 million into the stock. Of all companies tracked, Kinder Morgan had the 31st highest net in-flow for the day. Kinder Morgan traded down ($0.07) for the day and closed at $16.47
A number of equities analysts have recently issued reports on the stock. Deutsche Bank assumed coverage on shares of Kinder Morgan in a research note on Thursday. They set a “buy” rating and a $21.00 price objective on the stock. Bank of America restated a “buy” rating and issued a $16.17 target price (down from $20.00) on shares of Kinder Morgan in a research note on Thursday. Barclays lowered their target price on shares of Kinder Morgan from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, April 17th. Jefferies Group lowered their target price on shares of Kinder Morgan from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, April 16th. Finally, Mizuho set a $19.00 target price on shares of Kinder Morgan and gave the company a “hold” rating in a research note on Wednesday, April 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Kinder Morgan has an average rating of “Buy” and a consensus price target of $21.60.
The firm has a market capitalization of $36,333.92, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.81 and a beta of 0.64. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 1.01.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be issued a $0.20 dividend. The ex-dividend date is Friday, April 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.86%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.13. Kinder Morgan’s dividend payout ratio (DPR) is currently 75.76%.
In related news, Director William A. Smith purchased 5,500 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was acquired at an average price of $19.52 per share, with a total value of $107,360.00. Following the completion of the acquisition, the director now owns 14,587 shares in the company, valued at approximately $284,738.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 14.16% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCommodity Management LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $113,000. Sit Investment Associates Inc. raised its holdings in shares of Kinder Morgan by 237.1% during the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 4,730 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth $126,000. Goodman Financial Corp purchased a new position in shares of Kinder Morgan during the fourth quarter worth $126,000. Finally, Landaas & Co. WI ADV raised its holdings in shares of Kinder Morgan by 5,457.0% during the fourth quarter. Landaas & Co. WI ADV now owns 7,502 shares of the pipeline company’s stock worth $136,000 after purchasing an additional 7,367 shares during the last quarter. 62.60% of the stock is owned by institutional investors and hedge funds.
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About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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