Kinder Morgan, Inc. $KMI Holdings Increased by Alps Advisors Inc.

Key Points

• Alps Advisors increased its Kinder Morgan stake by 11.5% in the third quarter, adding 226,163 shares to hold about 2.20 million shares valued at $66.2 million.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $37.15; 12 analysts rate the stock Buy and 11 rate it Hold.
• Kinder Morgan beat quarterly earnings and revenue estimates, reporting EPS of $0.35 and revenue of $4.53 billion. It also announced a quarterly dividend of $0.2975 per share, equivalent to a 4.0% annualized yield.

Alps Advisors Inc. boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 11.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,196,898 shares of the pipeline company's stock after purchasing an additional 226,163 shares during the period. Alps Advisors Inc. owned about 0.10% of Kinder Morgan worth $66,236,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KMI. BlackRock Inc. lifted its position in Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company's stock worth $5,621,421,000 after buying an additional 1,875,143 shares in the last quarter. State Street Corp raised its stake in shares of Kinder Morgan by 4.3% in the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company's stock worth $4,183,704,000 after purchasing an additional 5,361,578 shares during the last quarter. Bank of America Corp DE grew its holdings in Kinder Morgan by 1.4% during the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company's stock valued at $2,079,477,000 after buying an additional 836,571 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kinder Morgan by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company's stock valued at $577,998,000 after purchasing an additional 448,130 shares during the period. Finally, Amundi boosted its stake in Kinder Morgan by 5.8% in the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company's stock worth $507,332,000 after purchasing an additional 831,125 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KMI. TD Cowen raised their price objective on Kinder Morgan from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Royal Bank Of Canada upped their target price on Kinder Morgan from $36.00 to $38.00 and gave the company a "sector perform" rating in a report on Wednesday, October 28th. Weiss Ratings raised shares of Kinder Morgan from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, October 23rd. Freedom Broker raised Kinder Morgan from a "hold" rating to a "buy" rating and lifted their target price for the company from $34.00 to $39.00 in a research report on Thursday, October 22nd. Finally, Scotiabank increased their price target on Kinder Morgan from $32.00 to $34.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.15.

Insiders Place Their Bets

In other news, Chairman Richard D. Kinder acquired 500,000 shares of Kinder Morgan stock in a transaction that occurred on Friday, November 6th. The shares were acquired at an average price of $29.99 per share, with a total value of $14,995,000.00. Following the completion of the purchase, the chairman owned 246,712,353 shares of the company's stock, valued at approximately $7,398,903,466.47. This represents a 0.20% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael P. Garthwaite sold 1,550 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $1,592,082.45. The trade was a 3.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE:KMI opened at $29.98 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $26.03 and a fifty-two week high of $34.81. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The company has a market cap of $66.80 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.28 and a beta of 0.58. The firm's 50 day moving average is $32.08 and its two-hundred day moving average is $32.12.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the company posted $0.29 earnings per share. Kinder Morgan's quarterly revenue was up 9.3% on a year-over-year basis. Analysts expect that Kinder Morgan, Inc. will post 1.57 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, November 2nd. Kinder Morgan's dividend payout ratio (DPR) is 73.46%.

Kinder Morgan Company Profile

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada.

The company's operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.

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