Krilogy Financial LLC Has $1.13 Million Stake in Kinder Morgan, Inc. $KMI

Krilogy Financial LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 328.9% in the third quarter, HoldingsChannel.com reports. The fund owned 43,658 shares of the pipeline company’s stock after acquiring an additional 33,480 shares during the quarter. Krilogy Financial LLC’s holdings in Kinder Morgan were worth $1,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. Norges Bank acquired a new stake in Kinder Morgan during the second quarter worth approximately $1,162,802,000. Merewether Investment Management LP bought a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $138,477,000. 59 North Capital Management LP grew its position in shares of Kinder Morgan by 54.5% during the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock worth $311,563,000 after buying an additional 3,739,398 shares during the period. Marshall Wace LLP lifted its position in shares of Kinder Morgan by 364.8% during the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock valued at $122,461,000 after acquiring an additional 3,269,284 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Kinder Morgan by 1.5% during the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after acquiring an additional 3,070,609 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.8%

Kinder Morgan stock opened at $31.72 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market cap of $70.56 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 2.59 and a beta of 0.70. The firm’s 50-day simple moving average is $28.22 and its 200 day simple moving average is $27.50. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.99.

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

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be paid a $0.2925 dividend. The ex-dividend date is Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.7%. Kinder Morgan’s payout ratio is presently 85.40%.

Insider Activity

In other news, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction on Thursday, January 22nd. The stock was 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 approximately $4,182,840. This represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares in the company, valued at $5,531,097.96. This represents a 2.97% 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 valued at $1,126,515 in the last 90 days. Insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KMI shares. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada boosted their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

Kinder Morgan Company 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.