Investors Buy Kinder Morgan (KMI) on Weakness
Traders purchased shares of Kinder Morgan Inc (NYSE:KMI) on weakness during trading on Friday. $248.03 million flowed into the stock on the tick-up and $74.62 million flowed out of the stock on the tick-down, for a money net flow of $173.41 million into the stock. Of all companies tracked, Kinder Morgan had the 13th highest net in-flow for the day. Kinder Morgan traded down ($0.11) for the day and closed at $19.87
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday. Evercore ISI started coverage on Kinder Morgan in a research report on Tuesday, February 5th. They issued an “outperform” rating on the stock. ValuEngine upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Argus reiterated a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a research report on Tuesday, January 22nd. Finally, TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.87.
The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $43.83 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Thursday, January 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Wednesday, January 30th. Kinder Morgan’s payout ratio is presently 89.89%.
In other news, Chairman Richard D. Kinder purchased 100,000 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were acquired at an average price of $18.05 per share, with a total value of $1,805,000.00. Following the completion of the purchase, the chairman now directly owns 235,427,613 shares of the company’s stock, valued at approximately $4,249,468,414.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard D. Kinder purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, January 29th. The shares were purchased at an average cost of $17.92 per share, for a total transaction of $896,000.00. Following the purchase, the insider now directly owns 235,262,353 shares of the company’s stock, valued at $4,215,901,365.76. The disclosure for this purchase can be found here. Insiders have bought 2,521,612 shares of company stock worth $47,637,339 in the last 90 days. Company insiders own 14.16% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of KMI. Avestar Capital LLC lifted its stake in shares of Kinder Morgan by 83.5% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 985 shares during the period. Intercontinental Wealth Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $28,000. Cornerstone Advisors Inc. lifted its stake in Kinder Morgan by 129.8% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock valued at $29,000 after buying an additional 1,071 shares during the period. Bedel Financial Consulting Inc. lifted its stake in Kinder Morgan by 573.6% in the fourth quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock valued at $31,000 after buying an additional 1,692 shares during the period. Finally, Spence Asset Management acquired a new position in Kinder Morgan in the fourth quarter valued at about $37,000. 63.89% of the stock is currently owned by institutional investors and hedge funds.
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About Kinder Morgan (NYSE:KMI)
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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