Investors Buy Kinder Morgan (KMI) on Weakness

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Traders purchased shares of Kinder Morgan Inc (NYSE:KMI) on weakness during trading on Friday. $248.03 million flowed into the stock on the tick-up and $74.62 million flowed out of the stock on the tick-down, for a money net flow of $173.41 million into the stock. Of all companies tracked, Kinder Morgan had the 13th highest net in-flow for the day. Kinder Morgan traded down ($0.11) for the day and closed at $19.87

KMI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday. Mizuho began coverage on Kinder Morgan in a report on Wednesday, November 28th. They issued a “buy” rating and a $22.00 price objective for the company. ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Evercore ISI initiated coverage on Kinder Morgan in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Finally, Argus reaffirmed a “buy” rating and set a $23.00 price objective on shares of Kinder Morgan in a research report on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Kinder Morgan has a consensus rating of “Buy” and an average target price of $20.87.

The firm has a market capitalization of $44.08 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.65 and a beta of 0.96. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. On average, research analysts predict that Kinder Morgan Inc will post 1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Thursday, January 31st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, January 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.03%. Kinder Morgan’s dividend payout ratio is currently 89.89%.

In other news, insider Richard D. Kinder bought 50,000 shares of the business’s stock in a transaction dated Tuesday, January 29th. The shares were acquired at an average price of $17.92 per share, for a total transaction of $896,000.00. Following the completion of the transaction, the insider now owns 235,262,353 shares of the company’s stock, valued at $4,215,901,365.76. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Deborah Macdonald bought 2,500 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $19.89 per share, for a total transaction of $49,725.00. Following the transaction, the director now directly owns 25,328 shares of the company’s stock, valued at approximately $503,773.92. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 2,521,612 shares of company stock valued at $47,637,339. Company insiders own 14.16% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMI. Norges Bank purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $299,180,000. BlackRock Inc. raised its holdings in Kinder Morgan by 7.4% in the 4th quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock valued at $2,100,249,000 after acquiring an additional 9,360,355 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Kinder Morgan by 1,169.3% during the 4th quarter. Millennium Management LLC now owns 9,022,925 shares of the pipeline company’s stock worth $138,773,000 after buying an additional 8,312,075 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Kinder Morgan by 1,497.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,112,727 shares of the pipeline company’s stock worth $462,000 after buying an additional 6,667,564 shares during the last quarter. Finally, Capital World Investors acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth $103,969,000. 63.89% of the stock is currently owned by hedge funds and other institutional investors.

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Kinder Morgan Company Profile (NYSE:KMI)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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