Kinder Morgan, Inc. $KMI Shares Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 423,003 shares of the pipeline company’s stock after buying an additional 33,600 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Kinder Morgan were worth $11,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Davis Capital Management acquired a new position in shares of Kinder Morgan during the third quarter worth about $1,426,000. Providence Capital Advisors LLC acquired a new position in Kinder Morgan during the 3rd quarter worth approximately $2,674,000. Meixler Investment Management Ltd. purchased a new position in Kinder Morgan in the 3rd quarter worth approximately $1,882,000. Vise Technologies Inc. purchased a new position in Kinder Morgan in the 2nd quarter worth approximately $1,713,000. Finally, Carnegie Investment Counsel grew its position in Kinder Morgan by 9.8% in the third 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 in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.8%

Shares of Kinder Morgan stock opened at $31.72 on Friday. The business has a 50-day moving average price of $28.22 and a 200 day moving average price of $27.50. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.99. The firm has a market cap of $70.56 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.59 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is 85.40%.

Analyst Ratings Changes

Several research analysts have recently weighed in on KMI shares. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. 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 report on Friday, January 23rd. Stifel Nicolaus raised 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group increased their price target on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director William A. Smith purchased 3,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average cost of $29.75 per share, with a total value of $89,250.00. Following the acquisition, the director owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This represents a 10.68% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 38,498 shares of company stock worth $1,126,515. 12.73% of the stock is currently owned by insiders.

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.