Raiffeisen Bank International AG Increases Stake in Kinder Morgan, Inc. $KMI

Raiffeisen Bank International AG lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 116.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 53,125 shares of the pipeline company’s stock after purchasing an additional 28,570 shares during the period. Raiffeisen Bank International AG’s holdings in Kinder Morgan were worth $1,507,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KMI. Davis Capital Management acquired a new stake in Kinder Morgan during the 3rd quarter worth $1,426,000. Meixler Investment Management Ltd. acquired a new stake in shares of Kinder Morgan during the third quarter worth about $1,882,000. Providence Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the third quarter worth about $2,674,000. Vise Technologies Inc. acquired a new position in Kinder Morgan in the 2nd quarter valued at about $1,713,000. Finally, Carnegie Investment Counsel raised its stake in Kinder Morgan by 9.8% during the 3rd quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock valued at $21,382,000 after acquiring an additional 67,274 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. This trade represents a 12.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $30.09, for a total value of $185,534.94. Following the transaction, the vice president directly owned 195,038 shares of the company’s stock, valued at approximately $5,868,693.42. This represents a 3.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 46,498 shares of company stock worth $1,382,115. 12.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KMI has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Morgan Stanley reiterated a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Mizuho lowered their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Finally, Jefferies Financial Group increased their price target on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.38.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $32.75 on Friday. 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 $32.77. The firm has a market capitalization of $72.87 billion, a P/E ratio of 23.91, a PEG ratio of 2.70 and a beta of 0.70. The company’s fifty day moving average is $28.86 and its two-hundred day moving average is $27.68.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s 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.