Kinder Morgan, Inc. $KMI Stake Increased by Third View Private Wealth LLC

Third View Private Wealth LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 644.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,452 shares of the pipeline company’s stock after acquiring an additional 109,471 shares during the quarter. Third View Private Wealth LLC’s holdings in Kinder Morgan were worth $3,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in shares of Kinder Morgan by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 47,788 shares of the pipeline company’s stock valued at $1,598,000 after purchasing an additional 309 shares during the period. Laurel Wealth Advisors LLC increased its position in Kinder Morgan by 3.6% during the third quarter. Laurel Wealth Advisors LLC now owns 9,068 shares of the pipeline company’s stock worth $273,000 after purchasing an additional 312 shares during the last quarter. Klingman & Associates LLC raised its stake in Kinder Morgan by 3.9% during the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock worth $285,000 after purchasing an additional 319 shares during the period. Transamerica Financial Advisors LLC raised its stake in Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 328 shares during the period. Finally, Abel Hall LLC raised its stake in Kinder Morgan by 4.0% during the first quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock worth $288,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president owned 47,313 shares of the company’s stock, valued at $1,592,082.45. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Trading Up 0.6%

NYSE KMI opened at $32.90 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.55. The stock has a market capitalization of $73.29 billion, a P/E ratio of 20.31, a PEG ratio of 2.28 and a beta of 0.58. The firm’s 50-day moving average is $32.13 and its two-hundred day moving average is $32.08. Kinder Morgan, Inc. has a 12 month low of $25.66 and a 12 month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.57 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMI. UBS Group reissued a “buy” rating on shares of Kinder Morgan in a research note on Tuesday, October 27th. BMO Capital Markets raised their price target on shares of Kinder Morgan from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday. Mizuho increased their price objective on Kinder Morgan from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Finally, Jefferies Financial Group raised their target price on Kinder Morgan from $33.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.15.

Kinder Morgan Company Profile

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.