Kinder Morgan, Inc. $KMI Stock: Third View Private Wealth LLC Raises Position

Third View Private Wealth LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 644.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,452 shares of the pipeline company’s stock after purchasing an additional 109,471 shares during the period. Third View Private Wealth LLC’s holdings in Kinder Morgan were worth $3,813,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its stake in Kinder Morgan by 1.1% in the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after acquiring an additional 1,875,143 shares during the period. State Street Corp raised its position in Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after acquiring an additional 5,361,578 shares during the period. Bank of America Corp DE raised its position in Kinder Morgan by 1.4% during the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after acquiring an additional 836,571 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kinder Morgan by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock valued at $577,998,000 after purchasing an additional 448,130 shares in the last quarter. Finally, Amundi lifted its holdings in Kinder Morgan by 5.8% during the first quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock valued at $507,332,000 after purchasing an additional 831,125 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KMI has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Argus upped their price target on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 28th. Weiss Ratings upgraded Kinder Morgan from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 23rd. Finally, Melius Research started coverage on Kinder Morgan in a report on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 price objective on the stock. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.15.

Insider Transactions at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president owned 47,313 shares of the company’s stock, valued at approximately $1,592,082.45. This represents a 3.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Up 0.6%

NYSE KMI opened at $32.90 on Wednesday. The business has a fifty day moving average price of $32.13 and a 200 day moving average price of $32.08. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.55 and a current ratio of 0.67. The company has a market cap of $73.29 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.28 and a beta of 0.58. Kinder Morgan, Inc. has a one year low of $25.66 and a one year high of $34.81.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.37 billion. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Research analysts anticipate that Kinder Morgan, Inc. will post 1.57 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 2nd. Kinder Morgan’s dividend payout ratio is currently 73.46%.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.