Kinder Morgan, Inc. $KMI Shares Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 8.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 423,003 shares of the pipeline company’s stock after buying an additional 33,600 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Kinder Morgan were worth $11,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan during the 2nd quarter valued at $26,000. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan in the second quarter worth $35,000. Private Wealth Management Group LLC increased its holdings in shares of Kinder Morgan by 94.9% during the third 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 period. Westside Investment Management Inc. raised its stake in shares of Kinder Morgan by 314.6% during the third 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 in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Kinder Morgan in the second quarter worth about $40,000. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, Director William A. Smith purchased 3,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the acquisition, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. The trade was a 10.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the transaction, the vice president directly owned 201,204 shares of the company’s stock, valued at $5,531,097.96. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,498 shares of company stock valued at $1,126,515 over the last ninety days. Corporate insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of several research analyst reports. 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. Royal Bank Of Canada boosted their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Jefferies Financial Group increased their price target on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Kinder Morgan Stock Performance

KMI opened at $31.72 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The firm has a market cap of $70.56 billion, a PE ratio of 23.15, a P/E/G ratio of 2.59 and a beta of 0.70. The business has a fifty day simple moving average of $28.22 and a 200-day simple moving average of $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 announced its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 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 the consensus estimate of $4.33 billion. During the same period in the prior year, the business posted $0.30 earnings per share. Kinder Morgan’s revenue was up 13.1% compared to the same quarter last year. As a group, equities 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 issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

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.