Kinder Morgan, Inc. $KMI Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 54.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 286,869 shares of the pipeline company’s stock after buying an additional 101,401 shares during the period. NEOS Investment Management LLC’s holdings in Kinder Morgan were worth $8,121,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan during the second quarter worth approximately $26,000. CoreFirst Bank & Trust bought a new stake in shares of Kinder Morgan in the 2nd quarter worth $35,000. Private Wealth Management Group LLC lifted its holdings in shares of Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares during the period. Westside Investment Management Inc. boosted its stake in Kinder Morgan by 314.6% during the third quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,032 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Kinder Morgan during the second quarter worth about $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 0.5%

NYSE KMI opened at $32.31 on Thursday. The firm’s 50 day moving average price is $28.62 and its two-hundred day moving average price is $27.62. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $32.58. The stock has a market cap of $71.87 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.65 and a beta of 0.70.

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 return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date was 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%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. TD Cowen upped their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus increased their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Finally, Mizuho reduced their price objective on 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 investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.38.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the transaction, the vice president owned 201,204 shares in the company, valued at $5,531,097.96. This represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction that occurred on 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 owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. The trade was a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,498 shares of company stock valued at $1,126,515 in the last 90 days. 12.73% of the stock is currently owned by corporate insiders.

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.