Banque Cantonale Vaudoise Invests $1.85 Million in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in Kinder Morgan, purchasing 64,694 shares for approximately $1.85 million.
• Several hedge funds and institutional investors have also recently increased their holdings in Kinder Morgan, contributing to institutional ownership hitting 62.52% of the company's stock.
• Kinder Morgan reported a quarterly EPS of $0.28, meeting analyst expectations and generating a revenue of $4.04 billion, up 13.2% year-over-year.

Banque Cantonale Vaudoise bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 64,694 shares of the pipeline company's stock, valued at approximately $1,846,000.

Other large investors also recently bought and sold shares of the company. Hurley Capital LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Sierra Ocean LLC lifted its holdings in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $26,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $29,000. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis acquired 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the sale, the president directly owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. The trade was a 2.28% decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI traded up $0.03 during trading hours on Friday, hitting $28.09. 16,323,561 shares of the company were exchanged, compared to its average volume of 15,092,606. The company has a market capitalization of $62.42 billion, a PE ratio of 23.02, a PEG ratio of 3.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The firm has a fifty day simple moving average of $27.95 and a 200-day simple moving average of $27.56. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The company's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. TD Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday. Wells Fargo & Company raised their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.13.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.