Kinder Morgan, Inc. $KMI Shares Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,844,757 shares of the pipeline company’s stock after buying an additional 78,396 shares during the period. Miller Howard Investments Inc. NY’s holdings in Kinder Morgan were worth $55,619,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in Kinder Morgan by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 47,788 shares of the pipeline company’s stock worth $1,598,000 after buying an additional 309 shares during the period. Klingman & Associates LLC grew its holdings in shares of Kinder Morgan by 3.9% during the 1st quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock worth $285,000 after acquiring an additional 319 shares during the period. Transamerica Financial Advisors LLC raised its position in shares of Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 328 shares in the last quarter. Abel Hall LLC raised its position in shares of Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock worth $288,000 after acquiring an additional 330 shares in the last quarter. Finally, Optivise Advisory Services LLC lifted its stake in shares of Kinder Morgan by 2.9% in the 3rd quarter. Optivise Advisory Services LLC now owns 12,534 shares of the pipeline company’s stock valued at $378,000 after purchasing an additional 354 shares during the period. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KMI. Morgan Stanley set a $39.00 price target on Kinder Morgan in a research report on Thursday. Melius Research started coverage on Kinder Morgan in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 price target on the stock. Argus increased their price objective on Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Mizuho raised their price objective on Kinder Morgan from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Tuesday, September 22nd. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.60.

Insider Buying and Selling

In other news, VP Michael Garthwaite sold 1,550 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president directly owned 47,313 shares of the company’s stock, valued at approximately $1,592,082.45. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $33.98 on Tuesday. The company has a 50 day simple moving average of $31.91 and a two-hundred day simple moving average of $31.86. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a market capitalization of $75.66 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.36 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.36 and a current ratio of 0.67.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts expect that Kinder Morgan, Inc. will post 1.60 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 2nd. Kinder Morgan’s payout ratio is 73.46%.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.