Dynamic Technology Lab Private Ltd Acquires Shares of 16,546 Kinder Morgan, Inc. $KMI

Dynamic Technology Lab Private Ltd bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,546 shares of the pipeline company’s stock, valued at approximately $468,000.

A number of other hedge funds have also modified their holdings of the business. Golden State Equity Partners boosted its position in Kinder Morgan by 2.2% during the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after acquiring an additional 368 shares during the last quarter. Fiduciary Financial Group LLC grew its stake in Kinder Morgan by 2.6% during the 3rd quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock valued at $437,000 after acquiring an additional 392 shares in the last quarter. MBM Wealth Consultants LLC raised its holdings in Kinder Morgan by 2.8% in the 2nd quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock valued at $425,000 after acquiring an additional 393 shares during the last quarter. L2 Asset Management LLC raised its holdings in Kinder Morgan by 4.8% in the 2nd quarter. L2 Asset Management LLC now owns 8,689 shares of the pipeline company’s stock valued at $255,000 after acquiring an additional 401 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its stake in Kinder Morgan by 11.1% in the 3rd quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company’s stock worth $114,000 after purchasing an additional 401 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the sale, the vice president owned 188,872 shares in the company, valued at approximately $6,359,320.24. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William A. Smith bought 3,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the transaction, the director owned 31,087 shares of the company’s stock, valued at $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 46,498 shares of company stock valued at $1,418,248 over the last 90 days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $33.07 on Thursday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $34.24. The stock’s fifty day moving average is $30.50 and its two-hundred day moving average is $28.28. The company has a market capitalization of $73.57 billion, a P/E ratio of 24.14, a P/E/G ratio of 3.04 and a beta of 0.68. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95.

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, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion during 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 company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KMI. TD Cowen upped their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Jefferies Financial Group lifted their price objective on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. UBS Group reissued a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a research note on Friday, December 12th. Royal Bank Of Canada raised their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Finally, Morgan Stanley lifted their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.08.

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.