Kinder Morgan, Inc. $KMI is Loews Corp’s 7th Largest Position

Loews Corp grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 675,000 shares of the pipeline company’s stock after acquiring an additional 25,000 shares during the period. Kinder Morgan comprises 0.2% of Loews Corp’s investment portfolio, making the stock its 7th biggest holding. Loews Corp’s holdings in Kinder Morgan were worth $19,109,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Laird Norton Wetherby Wealth Management LLC raised its position in Kinder Morgan by 17.7% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 21,615 shares of the pipeline company’s stock valued at $612,000 after purchasing an additional 3,255 shares during the period. Larson Financial Group LLC boosted its position in shares of Kinder Morgan by 6.6% during the third quarter. Larson Financial Group LLC now owns 15,210 shares of the pipeline company’s stock worth $431,000 after buying an additional 943 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Kinder Morgan by 59.3% during the third quarter. Integrated Wealth Concepts LLC now owns 101,642 shares of the pipeline company’s stock worth $2,877,000 after buying an additional 37,833 shares during the period. JCP Investment Management LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at $8,139,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Kinder Morgan in the 3rd quarter valued at $40,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total transaction of $207,609.22. Following the completion of the sale, the vice president directly owned 188,872 shares in the company, valued at approximately $6,359,320.24. This represents a 3.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 46,498 shares of company stock worth $1,418,248 over the last three months. Insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $33.33 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The company has a market cap of $74.14 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 3.08 and a beta of 0.68. The stock’s 50-day moving average is $30.84 and its two-hundred day moving average is $28.43. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $34.24.

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

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors 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 3.5%. Kinder Morgan’s payout ratio is currently 85.40%.

Analyst Ratings Changes

Several research firms recently issued reports on KMI. UBS Group reissued a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. TD Cowen boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday. Finally, Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $33.38.

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.