Kinder Morgan, Inc. $KMI Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 421,497 shares of the pipeline company’s stock after acquiring an additional 23,696 shares during the quarter. Public Sector Pension Investment Board’s holdings in Kinder Morgan were worth $11,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Brighton Jones LLC purchased a new position in Kinder Morgan in the fourth quarter valued at $308,000. Nordea Investment Management AB increased its holdings in shares of Kinder Morgan by 9.9% in the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after acquiring an additional 13,150 shares during the last quarter. Aspiriant LLC raised its position in shares of Kinder Morgan by 4.8% during the 2nd quarter. Aspiriant LLC now owns 24,887 shares of the pipeline company’s stock worth $732,000 after acquiring an additional 1,149 shares in the last quarter. Quotient Wealth Partners LLC lifted its stake in Kinder Morgan by 19.8% during the second quarter. Quotient Wealth Partners LLC now owns 12,408 shares of the pipeline company’s stock worth $365,000 after purchasing an additional 2,053 shares during the last quarter. Finally, TrueMark Investments LLC boosted its holdings in Kinder Morgan by 8.9% in the second quarter. TrueMark Investments LLC now owns 150,832 shares of the pipeline company’s stock valued at $4,434,000 after purchasing an additional 12,265 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $32.30 on Monday. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $32.34. The stock has a market capitalization of $71.86 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.66 and a beta of 0.70. The company has a 50-day simple moving average of $28.31 and a 200-day simple moving average of $27.52. 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 (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (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 firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Insider Buying and Selling at Kinder Morgan

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

Analysts Set New Price Targets

A number of analysts have weighed in on KMI shares. Jefferies Financial Group raised their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Scotiabank upped their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Mizuho cut their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Finally, UBS Group reissued a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.38.

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.