Caprock Group LLC Acquires Shares of 40,631 Kinder Morgan, Inc. $KMI

Caprock Group LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,631 shares of the pipeline company’s stock, valued at approximately $1,096,000.

A number of other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan in the 2nd quarter valued at about $26,000. CoreFirst Bank & Trust purchased a new position in shares of Kinder Morgan in the second quarter worth about $35,000. Private Wealth Management Group LLC increased its stake in shares of Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Kinder Morgan by 314.6% in the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,032 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KMI shares. Jefferies Financial Group lifted their price objective on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Stifel Nicolaus boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. TD Cowen increased their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.38.

Insider Transactions at Kinder Morgan

In related news, Director William A. Smith acquired 3,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, with a total value of $89,250.00. Following the acquisition, the director owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. The trade was a 10.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 139,428 shares in the company, valued at approximately $4,182,840. This represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 38,498 shares of company stock valued at $1,126,515 in the last quarter. Insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $32.30 on Monday. The stock’s 50-day simple moving average is $28.31 and its two-hundred day simple moving average is $27.52. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $32.34. The firm has a market capitalization of $71.86 billion, a P/E ratio of 23.58, a P/E/G ratio of 2.66 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s payout ratio is currently 85.40%.

Kinder Morgan Company Profile

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.