Miller Howard Investments Inc. NY Acquires 78,396 Shares of Kinder Morgan, Inc. $KMI

Miller Howard Investments Inc. NY grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,844,757 shares of the pipeline company’s stock after buying an additional 78,396 shares during the quarter. Miller Howard Investments Inc. NY owned 0.08% of Kinder Morgan worth $55,619,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KMI. Quadrant Capital Group LLC lifted its stake in shares of Kinder Morgan by 0.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 47,788 shares of the pipeline company’s stock valued at $1,598,000 after acquiring an additional 309 shares during the last quarter. Klingman & Associates LLC boosted its holdings in Kinder Morgan by 3.9% during the 1st quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock valued at $285,000 after acquiring an additional 319 shares during the period. Transamerica Financial Advisors LLC grew its position in Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 328 shares during the last quarter. Abel Hall LLC grew its position in Kinder Morgan by 4.0% during the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock worth $288,000 after acquiring an additional 330 shares during the last quarter. Finally, Optivise Advisory Services LLC grew its position in Kinder Morgan by 2.9% during the 3rd quarter. Optivise Advisory Services LLC now owns 12,534 shares of the pipeline company’s stock worth $378,000 after acquiring an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on Kinder Morgan from $33.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday. Royal Bank Of Canada increased their price objective on Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 22nd. Morgan Stanley set a $39.00 target price on shares of Kinder Morgan in a report on Thursday. Citigroup raised their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Melius Research began coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.60.

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president directly owned 47,313 shares of the company’s stock, valued at approximately $1,592,082.45. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $33.98 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.36 and a debt-to-equity ratio of 0.95. The firm has a market cap of $75.66 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.36 and a beta of 0.59. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81. The firm has a 50-day moving average of $31.91 and a 200-day moving average of $31.86.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.37 billion. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. Kinder Morgan’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.60 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio (DPR) is currently 73.46%.

Kinder Morgan Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.