Pallas Capital Advisors LLC Grows Stake in Kinder Morgan, Inc. $KMI

Pallas Capital Advisors LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 52.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,410 shares of the pipeline company’s stock after acquiring an additional 15,870 shares during the period. Pallas Capital Advisors LLC’s holdings in Kinder Morgan were worth $1,314,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $26,000. CoreFirst Bank & Trust bought a new stake in Kinder Morgan during the second quarter valued at approximately $35,000. Private Wealth Management Group LLC grew its position in Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares during the period. Westside Investment Management Inc. increased its holdings in Kinder Morgan by 314.6% during the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,032 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Kinder Morgan in the second quarter worth approximately $40,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.7%

Shares of KMI opened at $32.08 on Wednesday. The business’s 50 day moving average is $28.51 and its 200 day moving average is $27.58. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $32.58. The company has a market capitalization of $71.37 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.66 and a beta of 0.70.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KMI shares. UBS Group reissued a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Jefferies Financial Group raised their price objective on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Finally, Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $32.38.

Insider Buying and Selling at Kinder Morgan

In related news, Director William A. Smith acquired 3,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was acquired at an average price of $29.75 per share, with a total value of $89,250.00. Following the acquisition, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares in the company, valued at $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 38,498 shares of company stock worth $1,126,515. Insiders own 12.73% of the company’s stock.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.