Kinder Morgan, Inc. $KMI Stake Lifted by Loews Corp

Loews Corp lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 675,000 shares of the pipeline company’s stock after buying an additional 25,000 shares during the period. Kinder Morgan accounts for 0.2% of Loews Corp’s investment portfolio, making the stock its 7th biggest holding. Loews Corp’s holdings in Kinder Morgan were worth $19,109,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in Kinder Morgan in the fourth quarter valued at approximately $308,000. Schnieders Capital Management LLC. lifted its position in shares of Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after buying an additional 7,081 shares during the last quarter. Creative Planning lifted its position in shares of Kinder Morgan by 0.3% during the 2nd quarter. Creative Planning now owns 526,212 shares of the pipeline company’s stock worth $15,471,000 after buying an additional 1,684 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Kinder Morgan by 2.0% in the 2nd quarter. Cetera Investment Advisers now owns 1,685,566 shares of the pipeline company’s stock valued at $49,556,000 after buying an additional 33,100 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Kinder Morgan by 34.9% in the 2nd quarter. Avantax Advisory Services Inc. now owns 134,493 shares of the pipeline company’s stock valued at $3,954,000 after buying an additional 34,828 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.2%

Shares of NYSE:KMI opened at $33.33 on Tuesday. The stock has a market cap of $74.14 billion, a P/E ratio of 24.32, a P/E/G ratio of 3.08 and a beta of 0.68. The firm has a fifty day moving average price of $30.84 and a 200 day moving average price of $28.43. 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, Inc. has a 1-year low of $23.94 and a 1-year high of $34.24.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm posted $0.30 EPS. Kinder Morgan’s revenue for the quarter was up 13.1% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend 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 (DPR) is currently 85.40%.

Analyst Ratings Changes

Several brokerages recently commented on KMI. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. TD Cowen lifted their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Finally, Mizuho upped their target price on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.38.

Insider Buying and Selling

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 22nd. The stock was 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 trade represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William A. Smith bought 3,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the acquisition, the director owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 46,498 shares of company stock worth $1,418,248. Insiders own 12.73% of the company’s stock.

About Kinder Morgan

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.