King Luther Capital Management Corp Raises Stock Position in Kinder Morgan, Inc. $KMI

King Luther Capital Management Corp lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,636,391 shares of the pipeline company’s stock after purchasing an additional 22,421 shares during the quarter. King Luther Capital Management Corp owned about 0.12% of Kinder Morgan worth $74,636,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan in the 2nd quarter valued at approximately $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Kinder Morgan in the second quarter valued at $35,000. Private Wealth Management Group LLC boosted its holdings in Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 595 shares during the period. Westside Investment Management Inc. grew its stake in Kinder Morgan by 314.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Kinder Morgan during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $32.31 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $32.58. The stock has a market cap of $71.87 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.65 and a beta of 0.70. The firm has a fifty day moving average price of $28.62 and a 200 day moving average price of $27.62.

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

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were paid a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. Kinder Morgan’s payout ratio is currently 85.40%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KMI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Mizuho dropped their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Scotiabank lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $32.38.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $30.09, for a total transaction of $185,534.94. Following the completion of the transaction, the vice president owned 195,038 shares in the company, valued at approximately $5,868,693.42. This represents a 3.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 38,498 shares of company stock valued at $1,126,515. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Company Profile

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.