Kinder Morgan, Inc. $KMI Stock: CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Raises Position

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,274,400 shares of the pipeline company’s stock after acquiring an additional 235,000 shares during the period. Kinder Morgan accounts for about 3.1% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s portfolio, making the stock its 11th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Kinder Morgan were worth $68,573,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Evolution Wealth Management Inc. lifted its holdings in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after buying an additional 750 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 328 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at about $28,000. Bell Investment Advisors Inc increased its holdings in shares of Kinder Morgan by 112.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 500 shares during the last quarter. Finally, First Pacific Financial increased its holdings in shares of Kinder Morgan by 9,900.0% in the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 990 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KMI shares. Weiss Ratings upgraded Kinder Morgan from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday. Royal Bank Of Canada upped their price target on Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Tuesday, September 22nd. Stifel Nicolaus began coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They issued a “hold” rating and a $35.00 price target on the stock. Argus raised their price objective on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, TD Cowen boosted their price objective on shares of Kinder Morgan from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.60.

Kinder Morgan Trading Down 1.3%

NYSE:KMI opened at $33.98 on Tuesday. The company has a market capitalization of $75.66 billion, a PE ratio of 20.97, a P/E/G ratio of 2.36 and a beta of 0.59. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The stock’s 50 day moving average price is $31.91 and its 200 day moving average price is $31.86. The company has a quick ratio of 0.36, a current ratio of 0.67 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. Kinder Morgan’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.60 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio is 73.46%.

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction 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. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by corporate insiders.

Kinder Morgan Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.