GSA Capital Partners LLP Buys Shares of 21,685 Kinder Morgan, Inc. $KMI

GSA Capital Partners LLP purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,685 shares of the pipeline company’s stock, valued at approximately $614,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Kinder Morgan by 0.4% during the third quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock valued at $5,891,773,000 after purchasing an additional 896,837 shares during the last quarter. Geode Capital Management LLC grew its stake in Kinder Morgan by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after buying an additional 599,152 shares during the last quarter. Norges Bank bought a new position in Kinder Morgan in the 2nd quarter worth $1,162,802,000. Orbis Allan Gray Ltd lifted its position in Kinder Morgan by 3.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after acquiring an additional 670,856 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Kinder Morgan by 2.8% during the second quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock valued at $645,310,000 after acquiring an additional 603,197 shares during the period. 62.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Scotiabank lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. UBS Group restated a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research note on Friday, December 12th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Finally, Mizuho reduced their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $32.75 on Monday. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $32.77. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $28.86 and a 200 day simple moving average of $27.69. The firm has a market capitalization of $72.87 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.70 and a beta of 0.70.

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

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were paid 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 yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $30.09, for a total value of $185,534.94. Following the sale, the vice president directly owned 195,038 shares in the company, valued at approximately $5,868,693.42. This represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William A. Smith bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average price of $29.75 per share, with a total value of $89,250.00. Following the transaction, the director directly owned 31,087 shares in the company, 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 $1,382,115 over the last ninety days. Company insiders own 12.73% of the company’s stock.

About Kinder Morgan

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.