Kayne Anderson Capital Advisors LP Grows Stake in Kinder Morgan, Inc. (NYSE:KMI)

Kayne Anderson Capital Advisors LP boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,550,002 shares of the pipeline company’s stock after buying an additional 69,307 shares during the period. Kinder Morgan accounts for about 5.9% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 9th biggest holding. Kayne Anderson Capital Advisors LP owned approximately 0.47% of Kinder Morgan worth $233,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of KMI. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the first quarter worth $30,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan in the 2nd quarter worth $30,000. Planning Capital Management Corp grew its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Kinder Morgan during the 2nd quarter valued at about $31,000. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

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

Wall Street Analyst Weigh In

KMI has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. Barclays increased their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Eight analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.36.

Kinder Morgan Stock Up 1.9 %

Shares of NYSE KMI opened at $27.27 on Monday. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $27.58. 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 company’s 50-day simple moving average is $23.84 and its 200-day simple moving average is $21.50. The firm has a market cap of $60.58 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis. Equities analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

About Kinder Morgan

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.