Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Fractal Investments LLC

Fractal Investments LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 23.0% during the third quarter, HoldingsChannel reports. The firm owned 614,468 shares of the pipeline company’s stock after purchasing an additional 115,000 shares during the quarter. Kinder Morgan comprises approximately 2.3% of Fractal Investments LLC’s portfolio, making the stock its 11th biggest holding. Fractal Investments LLC’s holdings in Kinder Morgan were worth $13,574,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan in the 3rd quarter valued at $28,000. Pathway Financial Advisers LLC purchased a new stake in shares of Kinder Morgan in the first quarter valued at about $30,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan in the second quarter valued at about $30,000. Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan during the second quarter worth about $31,000. Finally, HM Payson & Co. raised its holdings in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Trading Up 0.9 %

Shares of KMI opened at $24.71 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1-year low of $16.17 and a 1-year high of $25.43. The stock has a market cap of $54.90 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.91. The firm has a 50 day simple moving average of $22.97 and a 200-day simple moving average of $21.04.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.65%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KMI shares. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, July 19th. Stifel Nicolaus increased their price objective on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Wells Fargo & Company raised their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

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.