Valeo Financial Advisors LLC bought a new position in Kinder Morgan Inc (NYSE:KMI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,412 shares of the pipeline company’s stock, valued at approximately $104,000.

Several other institutional investors have also recently added to or reduced their stakes in KMI. Heritage Trust Co raised its stake in Kinder Morgan by 457.7% during the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after purchasing an additional 4,302 shares during the last quarter. Welch Investments LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $102,000. Fiduciary Trust Co. acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $115,000. Acrospire Investment Management LLC raised its position in shares of Kinder Morgan by 30.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock valued at $131,000 after acquiring an additional 1,600 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Kinder Morgan by 14.0% in the 2nd quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after acquiring an additional 819 shares during the period. 60.88% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Thomas A. Martin bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.99% of the stock is currently owned by company insiders.

A number of analysts recently weighed in on the stock. Stifel Nicolaus set a $25.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Mizuho reissued a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a research note on Friday, October 20th. Citigroup lowered their target price on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, October 17th. Finally, Morgan Stanley decreased their price target on shares of Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.97.

Kinder Morgan Inc (NYSE:KMI) traded up $0.19 during trading hours on Friday, hitting $18.03. 5,892,556 shares of the company traded hands, compared to its average volume of 11,640,064. Kinder Morgan Inc has a twelve month low of $16.68 and a twelve month high of $23.01. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $39,863.34, a PE ratio of 27.46, a PEG ratio of 1.39 and a beta of 0.62.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period last year, the business earned ($0.10) earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. research analysts predict that Kinder Morgan Inc will post 0.64 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.77%. Kinder Morgan’s dividend payout ratio is presently 89.29%.

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Kinder Morgan Company Profile

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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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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