Cornerstone Capital Inc. Raises Stock Holdings in Kinder Morgan, Inc. $KMI

Cornerstone Capital Inc. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,790 shares of the pipeline company’s stock after purchasing an additional 16,300 shares during the quarter. Cornerstone Capital Inc.’s holdings in Kinder Morgan were worth $8,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new stake in Kinder Morgan in the second quarter valued at approximately $35,000. Private Wealth Management Group LLC grew its holdings in 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 during the last quarter. Westside Investment Management Inc. increased its position in shares of Kinder Morgan by 314.6% during the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at $40,000. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In other news, Director William A. Smith bought 3,000 shares of Kinder Morgan stock in a transaction on Monday, February 2nd. The stock was acquired at an average price of $29.75 per share, with a total value of $89,250.00. Following the completion of the acquisition, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. The trade was a 10.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares in the company, valued at $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. Over the last 90 days, insiders sold 46,498 shares of company stock valued at $1,382,115. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Down 0.1%

Kinder Morgan stock opened at $32.71 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The stock has a market capitalization of $72.77 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.70 and a beta of 0.70. The business has a 50 day simple moving average of $28.98 and a 200-day simple moving average of $27.73. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $33.24.

Kinder Morgan (NYSE:KMI) last released 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 for the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. On average, 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 was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is 85.40%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KMI shares. UBS Group restated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Stifel Nicolaus boosted their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Morgan Stanley reissued a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

Kinder Morgan 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.