Caerus Investment Advisors LLC Invests $1.17 Million in Kinder Morgan, Inc. $KMI

Caerus Investment Advisors LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,222 shares of the pipeline company’s stock, valued at approximately $1,167,000.

Several other hedge funds also recently bought and sold shares of the company. Faithward Advisors LLC bought a new position in shares of Kinder Morgan in the third quarter worth about $201,000. Captrust Financial Advisors raised its stake in Kinder Morgan by 13.7% during the 3rd quarter. Captrust Financial Advisors now owns 386,724 shares of the pipeline company’s stock valued at $10,948,000 after purchasing an additional 46,462 shares during the period. Danske Bank A S purchased a new position in Kinder Morgan in the 3rd quarter worth approximately $2,791,000. GM Advisory Group LLC boosted its stake in Kinder Morgan by 46.6% in the 3rd quarter. GM Advisory Group LLC now owns 10,254 shares of the pipeline company’s stock worth $290,000 after purchasing an additional 3,259 shares during the period. Finally, Advisory Services Network LLC boosted its stake in Kinder Morgan by 21.7% in the 3rd quarter. Advisory Services Network LLC now owns 169,647 shares of the pipeline company’s stock worth $4,803,000 after purchasing an additional 30,273 shares during the period. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of several recent analyst reports. Mizuho lifted their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. TD Cowen raised their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley lifted their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Jefferies Financial Group increased their price objective on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Finally, Wells Fargo & Company raised their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Eight research 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 has an average rating of “Moderate Buy” and a consensus price target of $33.46.

Kinder Morgan Stock Performance

NYSE KMI opened at $33.27 on Wednesday. The business’s 50 day moving average price is $30.96 and its 200-day moving average price is $28.47. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $34.24. The company has a market cap of $74.02 billion, a P/E ratio of 24.29, a P/E/G ratio of 3.07 and a beta of 0.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company 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%.Kinder Morgan’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

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

Insider Activity

In other news, Director William A. Smith acquired 3,000 shares of the firm’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 completion of the purchase, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares in the company, valued at approximately $4,182,840. This represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 48,048 shares of company stock worth $1,469,863 in the last 90 days. Company insiders own 12.73% of the company’s stock.

Kinder Morgan 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.