Terril Brothers Inc. Buys 111,000 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Terril Brothers Inc. increased its holdings in Kinder Morgan, Inc. by 588.3% during the first quarter, acquiring an additional 111,000 shares for a total of 129,868 shares, valued at approximately $3.7 million.
• Kinder Morgan has a market capitalization of $59.78 billion and reported a 13.2% increase in quarterly revenue year-over-year, reaching $4.04 billion.
• The company announced a quarterly dividend of $0.2925 per share, yielding 4.3%, with the dividend payout ratio currently at 95.90%.

Terril Brothers Inc. increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 588.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,868 shares of the pipeline company's stock after acquiring an additional 111,000 shares during the quarter. Kinder Morgan accounts for about 1.7% of Terril Brothers Inc.'s holdings, making the stock its 16th largest position. Terril Brothers Inc.'s holdings in Kinder Morgan were worth $3,705,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KMI. Vanguard Group Inc. increased its stake in Kinder Morgan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock valued at $5,824,367,000 after buying an additional 1,302,794 shares during the period. Northern Trust Corp grew its position in Kinder Morgan by 8.3% in the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after acquiring an additional 1,608,499 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after acquiring an additional 5,529,065 shares in the last quarter. Deutsche Bank AG grew its position in Kinder Morgan by 2.0% in the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock worth $428,018,000 after acquiring an additional 290,653 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its position in Kinder Morgan by 5.4% in 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 acquiring an additional 553,395 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total transaction of $171,414.80. Following the completion of the sale, the vice president owned 232,034 shares in the company, valued at $6,450,545.20. This trade represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The disclosure for this sale can be found here. Insiders have sold a total of 139,842 shares of company stock worth $3,896,180 over the last ninety days. Company insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI stock traded down $0.01 during mid-day trading on Thursday, reaching $26.86. The company's stock had a trading volume of 14,968,690 shares, compared to its average volume of 17,972,782. The company has a market cap of $59.69 billion, a P/E ratio of 22.02, a PEG ratio of 3.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The firm's 50-day moving average is $27.77 and its two-hundred day moving average is $27.38. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $0.26 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.2925 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research report on Monday, July 7th. Royal Bank Of Canada upped their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating for the company. Finally, Scotiabank upped their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $31.20.

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.