BIP Wealth LLC Invests $1.08 Million in Kinder Morgan, Inc. $KMI

BIP Wealth LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 39,189 shares of the pipeline company’s stock, valued at approximately $1,077,000.

Other large investors also recently modified their holdings of the company. Davis Capital Management purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at $1,426,000. Providence Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at $2,674,000. Meixler Investment Management Ltd. purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at $1,882,000. HighTower Advisors LLC lifted its stake in shares of Kinder Morgan by 3.9% during the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock valued at $34,874,000 after buying an additional 46,396 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its stake in shares of Kinder Morgan by 15.6% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock valued at $352,519,000 after buying an additional 1,682,241 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Key Stories Impacting Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

Kinder Morgan Stock Down 0.9%

Shares of KMI stock opened at $33.00 on Thursday. The stock has a market cap of $73.41 billion, a P/E ratio of 24.09, a PEG ratio of 3.01 and a beta of 0.64. Kinder Morgan, Inc. has a 52 week low of $24.39 and a 52 week high of $34.73. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The company’s fifty day simple moving average is $32.62 and its two-hundred day simple moving average is $29.16.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. Analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders 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 3.5%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Analysts Set New Price Targets

KMI has been the topic of a number of analyst reports. Mizuho lifted their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. TD Cowen boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. UBS Group reiterated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Finally, Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.33.

Read Our Latest Stock Analysis on Kinder Morgan

Insider Activity

In other news, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the sale, the vice president owned 100,146 shares in the company, valued at $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 48,048 shares of company stock worth $1,503,406. 12.73% of the stock is owned by insiders.

Kinder Morgan Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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