27,436 Shares in Kinder Morgan, Inc. $KMI Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 27,436 shares of the pipeline company’s stock, valued at approximately $777,000.

Other hedge funds also recently added to or reduced their stakes in the company. Davis Capital Management acquired a new position in Kinder Morgan in the third quarter worth about $1,426,000. Carnegie Investment Counsel lifted its holdings in Kinder Morgan by 9.8% during the 3rd quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock worth $21,382,000 after buying an additional 67,274 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $1,713,000. Westwood Holdings Group Inc. increased its holdings in shares of Kinder Morgan by 9.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 7,058,772 shares of the pipeline company’s stock valued at $207,528,000 after acquiring an additional 616,679 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Kinder Morgan by 9.9% during 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 in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMI. Jefferies Financial Group lifted 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. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Morgan Stanley set a $35.00 target price on shares of Kinder Morgan in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Kinder Morgan Trading Up 0.5%

Kinder Morgan stock opened at $30.24 on Friday. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $30.57. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $67.27 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.44 and a beta of 0.69. The firm has a 50-day moving average price of $27.50 and a two-hundred day moving average price of $27.28.

Kinder Morgan (NYSE:KMI) last released 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. The company 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 business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s payout ratio is 85.40%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the transaction, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the company’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 transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 38,498 shares of company stock valued at $1,107,462. Company insiders own 12.73% of the company’s stock.

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.