Bokf Na Grows Position in Kinder Morgan, Inc. $KMI

Bokf Na grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 100.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,672 shares of the pipeline company’s stock after buying an additional 105,075 shares during the period. Bokf Na’s holdings in Kinder Morgan were worth $5,936,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Golden State Equity Partners raised its stake in Kinder Morgan by 2.2% in the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after acquiring an additional 368 shares during the last quarter. Fiduciary Financial Group LLC grew its stake in Kinder Morgan by 2.6% during the 3rd quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock valued at $437,000 after purchasing an additional 392 shares during the last quarter. MBM Wealth Consultants LLC increased its holdings in shares of Kinder Morgan by 2.8% in the second quarter. MBM Wealth Consultants LLC now owns 14,462 shares of the pipeline company’s stock valued at $425,000 after purchasing an additional 393 shares during the period. L2 Asset Management LLC raised its stake in shares of Kinder Morgan by 4.8% in the second quarter. L2 Asset Management LLC now owns 8,689 shares of the pipeline company’s stock worth $255,000 after purchasing an additional 401 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Kinder Morgan by 11.1% during the third quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company’s stock worth $114,000 after purchasing an additional 401 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO David Patrick Michels sold 20,000 shares of the company’s 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 transaction, the chief financial officer owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This represents a 12.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William A. Smith purchased 3,000 shares of the stock in a transaction on Monday, February 2nd. The shares were acquired at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the transaction, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. This represents a 10.68% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 46,498 shares of company stock valued at $1,418,248. Insiders own 12.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group reiterated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Scotiabank lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. TD Cowen raised their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.08.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $33.36 on Friday. The stock has a market capitalization of $74.22 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 3.05 and a beta of 0.68. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $34.24. The firm’s 50 day simple moving average is $30.61 and its 200-day simple moving average is $28.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio is 85.40%.

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.