Krilogy Financial LLC Purchases 33,480 Shares of Kinder Morgan, Inc. $KMI

Krilogy Financial LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 328.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,658 shares of the pipeline company’s stock after purchasing an additional 33,480 shares during the quarter. Krilogy Financial LLC’s holdings in Kinder Morgan were worth $1,132,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KMI. Davis Capital Management bought a new position in shares of Kinder Morgan during the 3rd quarter valued at about $1,426,000. Providence Capital Advisors LLC bought a new position in Kinder Morgan in the third quarter valued at approximately $2,674,000. Meixler Investment Management Ltd. acquired a new position in shares of Kinder Morgan in the third quarter valued at approximately $1,882,000. Vise Technologies Inc. acquired a new stake in shares of Kinder Morgan during the second quarter worth $1,713,000. Finally, Carnegie Investment Counsel lifted its position in Kinder Morgan by 9.8% in 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 in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

NYSE KMI opened at $31.72 on Friday. The firm has a 50-day moving average of $28.22 and a 200-day moving average of $27.50. The stock has a market cap of $70.56 billion, a PE ratio of 23.15, a P/E/G ratio of 2.59 and a beta of 0.70. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.99. 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 posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be paid 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 payout ratio is presently 85.40%.

Insider Buying and Selling

In related news, Director William A. Smith acquired 3,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the transaction, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. The trade was a 10.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $30.09, for a total value of $185,534.94. Following the completion of the sale, the vice president owned 195,038 shares in the company, valued at $5,868,693.42. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,498 shares of company stock worth $1,126,515 in the last 90 days. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KMI. Stifel Nicolaus lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Jefferies Financial Group lifted their target price on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Finally, Scotiabank lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $32.38.

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.