Machina Capital S.A.S. Acquires New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Machina Capital S.A.S. has entered a $340,000 position in Kinder Morgan, acquiring 11,930 shares in the first quarter, indicating growing investor interest in the pipeline company.
• Kinder Morgan reported a quarterly revenue increase of 13.2% year-over-year, with earnings per share meeting analyst expectations at $0.28, amidst a market capitalization of $60.89 billion.
• The company has announced a quarterly dividend of $0.2925 per share, reflecting a 4.27% dividend yield, with a payout ratio currently at 95.90%.

Machina Capital S.A.S. purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,930 shares of the pipeline company's stock, valued at approximately $340,000.

A number of other large investors also recently modified their holdings of KMI. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Sierra Ocean LLC raised its holdings in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 788 shares during the period. Fourth Dimension Wealth LLC bought a new stake in Kinder Morgan during the 4th quarter valued at $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $29,000. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KMI. Scotiabank upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday. Stifel Nicolaus increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Friday. Finally, TD Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and an average target price of $31.13.

Kinder Morgan Stock Performance

KMI stock traded up $0.59 during midday trading on Tuesday, hitting $27.80. 4,478,285 shares of the stock traded hands, compared to its average volume of 14,320,099. The firm has a market cap of $61.76 billion, a P/E ratio of 22.78, a PEG ratio of 3.48 and a beta of 0.75. 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 stock's fifty day simple moving average is $27.93 and its 200-day simple moving average is $27.56. Kinder Morgan, Inc. has a 1-year low of $19.68 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

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.