DDD Partners LLC Makes New $19.14 Million Investment in Kinder Morgan, Inc. $KMI

DDD Partners LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 676,125 shares of the pipeline company’s stock, valued at approximately $19,141,000. Kinder Morgan makes up approximately 1.2% of DDD Partners LLC’s holdings, making the stock its 23rd largest holding.

Several other institutional investors have also modified their holdings of KMI. Norges Bank purchased a new stake in Kinder Morgan during the second quarter worth $1,162,802,000. Merewether Investment Management LP acquired a new position in shares of Kinder Morgan during the 2nd quarter worth $138,477,000. 59 North Capital Management LP boosted its position in shares of Kinder Morgan by 54.5% in the 2nd quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock worth $311,563,000 after buying an additional 3,739,398 shares in the last quarter. Marshall Wace LLP grew its stake in Kinder Morgan by 364.8% in the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock valued at $122,461,000 after acquiring an additional 3,269,284 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after acquiring an additional 3,070,609 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan 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 transaction 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 represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $30.09, for a total value 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 trade 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 90 days, insiders sold 38,498 shares of company stock valued at $1,126,515. Company insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KMI shares. Royal Bank Of Canada raised their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Morgan Stanley reissued a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. UBS Group restated a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research report on Friday, December 12th. TD Cowen lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Mizuho cut their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $32.38.

Kinder Morgan Trading Up 1.9%

NYSE KMI opened at $32.30 on Friday. The company has a market cap of $71.86 billion, a P/E ratio of 23.58, a P/E/G ratio of 2.61 and a beta of 0.70. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $32.34. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. The company has a 50-day moving average of $28.31 and a 200-day moving average of $27.53.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.33 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. Kinder Morgan’s revenue was up 13.1% compared to the same quarter last year. As a group, equities 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 will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.2925 dividend. The ex-dividend date is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

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.