Kinder Morgan, Inc. $KMI Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 54.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,869 shares of the pipeline company’s stock after purchasing an additional 101,401 shares during the period. NEOS Investment Management LLC’s holdings in Kinder Morgan were worth $8,121,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Kinder Morgan by 0.4% during the third quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock worth $5,891,773,000 after acquiring an additional 896,837 shares during the last quarter. Geode Capital Management LLC grew its stake in Kinder Morgan by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after purchasing an additional 599,152 shares in the last quarter. Norges Bank purchased a new stake in Kinder Morgan during the 2nd quarter worth approximately $1,162,802,000. Orbis Allan Gray Ltd raised its position in shares of Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after purchasing an additional 670,856 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Kinder Morgan by 2.8% during the 2nd quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock valued at $645,310,000 after buying an additional 603,197 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KMI. UBS Group reaffirmed a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Morgan Stanley reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada upped 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, Scotiabank lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $32.38.

Kinder Morgan Stock Up 0.5%

Shares of Kinder Morgan stock opened at $32.31 on Thursday. The stock has a market capitalization of $71.87 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.65 and a beta of 0.70. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $32.58. 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 business’s 50 day simple moving average is $28.62 and its 200-day simple moving average is $27.62.

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

Kinder Morgan Announces Dividend

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

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $30.09, for a total transaction of $185,534.94. Following the completion of the transaction, the vice president directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,498 shares of company stock worth $1,126,515 in the last ninety days. 12.73% of the stock is 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.