Gotham Asset Management LLC Increases Holdings in Kinder Morgan, Inc. $KMI

Gotham Asset Management LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 987,049 shares of the pipeline company’s stock after buying an additional 36,679 shares during the period. Gotham Asset Management LLC’s holdings in Kinder Morgan were worth $27,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $35,000. Private Wealth Management Group LLC grew its position in 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 buying an additional 595 shares during the period. Westside Investment Management Inc. increased its holdings in 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 buying an additional 1,032 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Kinder Morgan in the second quarter worth approximately $40,000. Finally, Capital A Wealth Management LLC bought a new position in Kinder Morgan in the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.2%

Shares of KMI stock opened at $33.33 on Tuesday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $34.24. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock’s 50-day moving average price is $30.84 and its 200-day moving average price is $28.43. The stock has a market capitalization 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.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the transaction, the vice president directly owned 188,872 shares of the company’s stock, valued at $6,359,320.24. This trade represents a 3.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William A. Smith bought 3,000 shares of Kinder Morgan stock in a transaction dated Monday, February 2nd. The stock was 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 owned 31,087 shares in the company, valued at approximately $924,838.25. The trade was a 10.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 46,498 shares of company stock worth $1,418,248. Company insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMI. Royal Bank Of Canada boosted their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Jefferies Financial Group raised their target price on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Scotiabank lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Stifel Nicolaus boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.38.

About Kinder Morgan

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.