Navellier & Associates Inc. Invests $311,000 in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Navellier & Associates Inc. purchased 11,561 shares of Kinder Morgan, Inc., valued at approximately $311,000, as reported in their latest 13F filing with the SEC.
• Kinder Morgan recently reported earnings per share of $0.28 for the last quarter, meeting analysts' expectations, with revenue of $4.04 billion—up 13.2% year-over-year.
• The company declared a quarterly dividend of $0.2925 per share, resulting in an annualized dividend yield of 4.27%.

Navellier & Associates Inc. acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,561 shares of the pipeline company's stock, valued at approximately $311,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after acquiring an additional 1,252,609 shares during the period. Northern Trust Corp raised its holdings in Kinder Morgan by 8.3% in the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after buying an additional 1,608,499 shares during the period. Deutsche Bank AG raised its holdings in Kinder Morgan by 16.8% in the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after buying an additional 2,116,576 shares during the period. Kayne Anderson Capital Advisors LP increased its stake in Kinder Morgan by 5.4% during the first quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock worth $307,741,000 after purchasing an additional 553,395 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kinder Morgan by 22.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,195,545 shares of the pipeline company's stock worth $224,556,000 after purchasing an additional 1,512,083 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the company's stock in a transaction dated 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 purchase, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the transaction, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

NYSE KMI traded up $0.10 during trading hours on Wednesday, reaching $27.98. 3,735,868 shares of the stock traded hands, compared to its average volume of 14,325,153. The stock has a 50 day simple moving average of $27.93 and a two-hundred day simple moving average of $27.56. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48. 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 company has a market cap of $62.17 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 3.45 and a beta of 0.75.

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

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Analyst Ratings Changes

KMI has been the subject of several research analyst reports. Scotiabank increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research note on Monday, July 7th. Stifel Nicolaus lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Royal Bank Of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Finally, TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 target price for the company. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $31.13.

About Kinder Morgan

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.