Investors Purchase Large Volume of Call Options on Kinder Morgan (KMI)
Kinder Morgan, Inc. (NYSE:KMI) was the recipient of some unusual options trading on Wednesday. Investors acquired 465 call options on the company. This represents an increase of 122% compared to the average volume of 209 call options.
Shares of Kinder Morgan (KMI) opened at $17.01 on Friday. Kinder Morgan has a fifty-two week low of $16.70 and a fifty-two week high of $23.01. The stock has a market capitalization of $37,590.00, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.65. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the prior year, the company earned ($0.10) earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. sell-side analysts predict that Kinder Morgan will post 0.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a $0.125 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.94%. Kinder Morgan’s dividend payout ratio (DPR) is currently 89.29%.
Institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. increased its holdings in shares of Kinder Morgan by 47.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 356,546 shares of the pipeline company’s stock worth $6,832,000 after acquiring an additional 114,124 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kinder Morgan by 31.1% in the second quarter. Principal Financial Group Inc. now owns 5,071,934 shares of the pipeline company’s stock worth $97,179,000 after acquiring an additional 1,201,722 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Kinder Morgan in the second quarter worth about $1,078,000. CI Investments Inc. increased its holdings in shares of Kinder Morgan by 32.6% in the third quarter. CI Investments Inc. now owns 4,555,724 shares of the pipeline company’s stock worth $87,379,000 after acquiring an additional 1,119,021 shares in the last quarter. Finally, Brookfield Asset Management Inc. grew its holdings in shares of Kinder Morgan by 10.4% during the first quarter. Brookfield Asset Management Inc. now owns 10,396,470 shares of the pipeline company’s stock worth $226,019,000 after buying an additional 976,320 shares in the last quarter. Institutional investors own 59.03% of the company’s stock.
A number of brokerages have weighed in on KMI. Morgan Stanley lowered their price target on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank Of Canada restated a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a report on Wednesday. Stifel Nicolaus decreased their target price on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. Mizuho restated a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a report on Friday, October 20th. Finally, SunTrust Banks, Inc. set a $23.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Kinder Morgan has an average rating of “Hold” and an average target price of $22.97.
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About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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