Richard D. Kinder Purchases 300,000 Shares of Kinder Morgan Inc (NYSE:KMI) Stock

Kinder Morgan Inc (NYSE:KMI) Chairman Richard D. Kinder bought 300,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $19.97 per share, for a total transaction of $5,991,000.00. Following the completion of the purchase, the chairman now owns 242,779,496 shares of the company’s stock, valued at $4,848,306,535.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Kinder Morgan stock opened at $20.35 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.93. The company’s fifty day simple moving average is $20.30 and its two-hundred day simple moving average is $20.40. The company has a market cap of $45.37 billion, a P/E ratio of 22.87, a PEG ratio of 4.19 and a beta of 0.80. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $21.50.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Kinder Morgan had a net margin of 15.21% and a return on equity of 6.25%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. Analysts predict that Kinder Morgan Inc will post 0.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Wednesday, October 30th. Kinder Morgan’s payout ratio is currently 112.36%.

Several research analysts recently commented on the stock. Scotia Howard Weill assumed coverage on shares of Kinder Morgan in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 target price on the stock. Goldman Sachs Group downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Thursday, October 24th. TD Securities assumed coverage on shares of Kinder Morgan in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price on the stock. ValuEngine downgraded shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.98.

A number of institutional investors have recently modified their holdings of KMI. Charles Schwab Investment Advisory Inc. increased its position in Kinder Morgan by 85.4% during the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 12,328,127 shares of the pipeline company’s stock valued at $257,411,000 after purchasing an additional 5,679,805 shares during the period. Assenagon Asset Management S.A. increased its position in Kinder Morgan by 4,335.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,313,554 shares of the pipeline company’s stock valued at $109,512,000 after purchasing an additional 5,193,754 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in Kinder Morgan during the 2nd quarter valued at $58,636,000. Invesco Ltd. increased its position in Kinder Morgan by 30.7% during the 2nd quarter. Invesco Ltd. now owns 10,734,485 shares of the pipeline company’s stock valued at $224,135,000 after purchasing an additional 2,521,149 shares during the period. Finally, Macquarie Group Ltd. increased its position in Kinder Morgan by 254.6% during the 2nd quarter. Macquarie Group Ltd. now owns 3,396,171 shares of the pipeline company’s stock valued at $70,913,000 after purchasing an additional 2,438,336 shares during the period. 62.00% of the stock is currently owned by institutional investors and hedge funds.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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