Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by NFC Investments LLC

NFC Investments LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.0% in the third quarter, HoldingsChannel reports. The firm owned 184,009 shares of the pipeline company’s stock after purchasing an additional 8,700 shares during the quarter. Kinder Morgan makes up approximately 1.2% of NFC Investments LLC’s holdings, making the stock its 19th largest holding. NFC Investments LLC’s holdings in Kinder Morgan were worth $4,065,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the third quarter valued at approximately $28,000. HWG Holdings LP acquired a new position in Kinder Morgan during the 2nd quarter worth $30,000. Planning Capital Management Corp grew its stake in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan during the second quarter valued at $31,000. Finally, HM Payson & Co. raised its stake in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on KMI shares. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Wells Fargo & Company increased their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Barclays raised their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $25.67.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.81% of the stock is owned by insiders.

Kinder Morgan Stock Performance

Shares of KMI traded down $0.20 during mid-day trading on Tuesday, hitting $27.24. The company’s stock had a trading volume of 3,047,854 shares, compared to its average volume of 13,798,438. The stock’s 50-day moving average is $25.20 and its two-hundred day moving average is $22.15. The firm has a market capitalization of $60.52 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 4.07 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $28.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion during 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%. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.22%. 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.