King Luther Capital Management Corp Buys 33,206 Shares of Kinder Morgan, Inc. (NYSE:KMI)

King Luther Capital Management Corp grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,739,656 shares of the pipeline company’s stock after purchasing an additional 33,206 shares during the period. King Luther Capital Management Corp owned approximately 0.12% of Kinder Morgan worth $60,519,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Citizens Financial Group Inc. RI bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $262,000. Moran Wealth Management LLC boosted its stake in Kinder Morgan by 1.8% during the third quarter. Moran Wealth Management LLC now owns 149,936 shares of the pipeline company’s stock worth $3,312,000 after acquiring an additional 2,582 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Kinder Morgan by 0.3% during the third quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock worth $3,193,000 after acquiring an additional 468 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Kinder Morgan by 69.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 357,045 shares of the pipeline company’s stock worth $7,887,000 after acquiring an additional 146,868 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in Kinder Morgan during the third quarter worth about $3,440,000. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on KMI shares. JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. UBS Group lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays lifted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Bank of America assumed coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.36.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Down 0.3 %

KMI opened at $28.00 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average price of $24.26 and a 200-day moving average price of $21.68. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.27. The stock has a market capitalization of $62.21 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 3.86 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.11%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.