Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Empower Advisory Group LLC

Empower Advisory Group LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.2% in the third quarter, Holdings Channel reports. The institutional investor owned 3,808,896 shares of the pipeline company’s stock after buying an additional 45,928 shares during the period. Empower Advisory Group LLC’s holdings in Kinder Morgan were worth $84,139,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KMI. Vanguard Group Inc. lifted its holdings in shares of Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after buying an additional 27,254,172 shares during the period. Castle Hook Partners LP grew its position in Kinder Morgan by 108.2% during the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock worth $143,049,000 after buying an additional 4,053,793 shares during the period. Duquesne Family Office LLC raised its holdings in Kinder Morgan by 74.0% during the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock worth $134,185,000 after purchasing an additional 2,872,665 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Kinder Morgan by 23.6% in the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after purchasing an additional 2,125,648 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after buying an additional 2,053,612 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.18 on Wednesday. Kinder Morgan, Inc. has a twelve month low of $16.34 and a twelve month high of $27.58. The firm has a market capitalization of $60.38 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.75 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The firm’s fifty day simple moving average is $23.39 and its 200 day simple moving average is $21.26.

Kinder Morgan (NYSE:KMI) last issued its 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). The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share 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. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.23%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Friday, July 19th. Finally, UBS Group boosted their price target on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.09.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction dated 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 owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by corporate insiders.

Kinder Morgan 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.