Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by USA Financial Formulas

USA Financial Formulas grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,271 shares of the pipeline company’s stock after buying an additional 10,538 shares during the quarter. Kinder Morgan accounts for 0.2% of USA Financial Formulas’ investment portfolio, making the stock its 22nd largest holding. USA Financial Formulas’ holdings in Kinder Morgan were worth $1,323,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after purchasing an additional 29,861 shares during the period. Global Retirement Partners LLC raised its holdings in Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 776 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares in the last quarter. Czech National Bank increased its position in Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after buying an additional 25,406 shares in the last quarter. Finally, Valley National Advisers Inc. raised its holdings in shares of Kinder Morgan by 1,512.7% in the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock worth $1,956,000 after acquiring an additional 83,090 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays upped their price target on shares of Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Finally, UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $29.43 on Thursday. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $29.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a market capitalization of $65.38 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. The business has a 50 day simple moving average of $27.47 and a 200 day simple moving average of $23.91.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $0.25 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.17 EPS for the current year.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock worth $18,578,014 over the last 90 days. 12.81% of the stock is currently owned by company insiders.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.