Public Sector Pension Investment Board Grows Position in Kinder Morgan, Inc. $KMI

Public Sector Pension Investment Board grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 421,497 shares of the pipeline company’s stock after acquiring an additional 23,696 shares during the period. Public Sector Pension Investment Board’s holdings in Kinder Morgan were worth $11,933,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wedbush Securities Inc. lifted its stake in shares of Kinder Morgan by 2.8% in the third quarter. Wedbush Securities Inc. now owns 87,628 shares of the pipeline company’s stock valued at $2,481,000 after purchasing an additional 2,406 shares during the period. Varma Mutual Pension Insurance Co increased its holdings in Kinder Morgan by 8.6% in the third quarter. Varma Mutual Pension Insurance Co now owns 423,003 shares of the pipeline company’s stock valued at $11,975,000 after buying an additional 33,600 shares in the last quarter. Sound Shore Management Inc CT lifted its position in shares of Kinder Morgan by 1.1% during the 3rd quarter. Sound Shore Management Inc CT now owns 2,670,908 shares of the pipeline company’s stock valued at $75,613,000 after acquiring an additional 29,926 shares during the period. Savvy Advisors Inc. boosted its stake in shares of Kinder Morgan by 45.6% during the 3rd quarter. Savvy Advisors Inc. now owns 37,737 shares of the pipeline company’s stock worth $1,068,000 after acquiring an additional 11,818 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in shares of Kinder Morgan by 12.9% in the 3rd quarter. Cibc World Market Inc. now owns 869,127 shares of the pipeline company’s stock worth $24,605,000 after acquiring an additional 99,540 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.9%

Shares of KMI stock opened at $32.30 on Monday. The company has a market capitalization of $71.86 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.66 and a beta of 0.70. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $28.31 and a 200 day moving average price of $27.52. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $32.34.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion during 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 previous year, the firm posted $0.30 earnings per share. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Wall Street Analysts Forecast Growth

KMI has been the subject of several research reports. Mizuho reduced their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Jefferies Financial Group lifted their price target on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Morgan Stanley reiterated a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Finally, Scotiabank upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.38.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. The trade was a 12.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $30.09, for a total transaction of $185,534.94. Following the transaction, the vice president owned 195,038 shares in the company, valued at approximately $5,868,693.42. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,498 shares of company stock worth $1,126,515 over the last quarter. 12.73% of the stock is currently owned by insiders.

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.