Great Valley Advisor Group Inc. Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Great Valley Advisor Group Inc. raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,670 shares of the pipeline company’s stock after buying an additional 895 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Kinder Morgan were worth $766,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Duquesne Family Office LLC lifted its stake in shares of Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after buying an additional 2,872,665 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after acquiring an additional 2,053,612 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Kinder Morgan by 20.6% in the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after acquiring an additional 1,328,082 shares during the period. Renaissance Technologies LLC raised its stake in shares of Kinder Morgan by 35.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,550,331 shares of the pipeline company’s stock valued at $90,415,000 after purchasing an additional 1,187,200 shares during the period. Finally, Caxton Associates LP purchased a new stake in Kinder Morgan during the 2nd quarter worth about $20,575,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KMI shares. Stifel Nicolaus upped their price target on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Barclays increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. UBS Group boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Royal Bank of Canada boosted their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.36.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.84 on Tuesday. The company has a market capitalization of $61.85 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 4.10 and a beta of 0.91. The business has a 50 day moving average of $24.69 and a 200 day moving average of $21.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $28.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.13%. Kinder Morgan’s payout ratio is 100.88%.

Insider Activity

In related news, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

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.