Public Sector Pension Investment Board Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Public Sector Pension Investment Board raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 336,626 shares of the pipeline company’s stock after buying an additional 400 shares during the period. Public Sector Pension Investment Board’s holdings in Kinder Morgan were worth $7,436,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new stake in Kinder Morgan in the 1st quarter valued at about $30,000. HWG Holdings LP purchased a new stake in Kinder Morgan in the 2nd quarter valued at about $30,000. Planning Capital Management Corp increased its stake in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.7 %

KMI opened at $28.27 on Friday. The company has a 50 day moving average of $25.20 and a 200 day moving average of $22.11. The company has a market cap of $62.81 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 4.04 and a beta of 0.91. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.81. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.07%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Barclays raised their price target 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. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group raised their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, UBS Group raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.64% of the company’s stock.

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.