Kinder Morgan, Inc. $KMI Shares Purchased by ING Groep NV

ING Groep NV grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,684 shares of the pipeline company’s stock after purchasing an additional 32,106 shares during the quarter. ING Groep NV’s holdings in Kinder Morgan were worth $4,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at $26,000. CoreFirst Bank & Trust purchased a new position in shares of Kinder Morgan during the second quarter worth about $35,000. Private Wealth Management Group LLC lifted its holdings in shares of Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,032 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Kinder Morgan during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. TD Cowen upped their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Mizuho lowered their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Scotiabank upped their target price 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. Finally, Jefferies Financial Group raised their price target on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.38.

Insider Activity

In other Kinder Morgan news, Director William A. Smith purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the purchase, the director directly owned 31,087 shares in the company, valued at $924,838.25. This represents a 10.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 139,428 shares in the company, valued at $4,182,840. This represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,498 shares of company stock valued at $1,126,515 in the last three months. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.8%

KMI stock opened at $31.72 on Friday. The stock has a market capitalization 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 company has a fifty day moving average of $28.22 and a 200-day moving average of $27.50. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.99.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders 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 3.7%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is 85.40%.

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.