Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by KBC Group NV

KBC Group NV grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,353 shares of the pipeline company’s stock after purchasing an additional 1,265 shares during the quarter. KBC Group NV’s holdings in Kinder Morgan were worth $5,243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KMI. Pinnacle Financial Partners Inc lifted its position in Kinder Morgan by 1.6% in the third quarter. Pinnacle Financial Partners Inc now owns 65,920 shares of the pipeline company’s stock valued at $1,456,000 after acquiring an additional 1,011 shares during the last quarter. Chase Investment Counsel Corp lifted its holdings in shares of Kinder Morgan by 52.5% in the 3rd quarter. Chase Investment Counsel Corp now owns 49,793 shares of the pipeline company’s stock valued at $1,099,000 after purchasing an additional 17,145 shares during the last quarter. Community Bank & Trust Waco Texas acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $920,000. Empower Advisory Group LLC increased its position in Kinder Morgan by 1.2% during the third quarter. Empower Advisory Group LLC now owns 3,808,896 shares of the pipeline company’s stock worth $84,139,000 after buying an additional 45,928 shares during the period. Finally, Carrera Capital Advisors lifted its stake in Kinder Morgan by 27.5% in the third quarter. Carrera Capital Advisors now owns 75,290 shares of the pipeline company’s stock valued at $1,663,000 after buying an additional 16,222 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.9 %

Shares of NYSE KMI opened at $27.27 on Monday. The stock has a market capitalization of $60.58 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $27.58. The firm has a 50-day moving average price of $23.84 and a 200 day moving average price of $21.50. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS 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 firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm earned $0.25 EPS. Kinder Morgan’s revenue was down 5.3% compared to the same quarter last year. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KMI shares. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. UBS Group boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday. Barclays increased their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $25.36.

Insider Buying and Selling

In related news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

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.