Kinder Morgan (KMI) Reaches New 12-Month High on Insider Buying Activity

Kinder Morgan Inc (NYSE:KMI) shares hit a new 52-week high during trading on Friday after an insider bought additional shares in the company. The stock traded as high as $19.53 and last traded at $19.55, with a volume of 452880 shares trading hands. The stock had previously closed at $19.16.

Specifically, Chairman Richard D. Kinder purchased 100,000 shares of the company’s stock in a transaction dated Thursday, January 31st. The stock was bought at an average cost of $18.05 per share, for a total transaction of $1,805,000.00. Following the completion of the transaction, the chairman now owns 235,427,613 shares in the company, valued at $4,249,468,414.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard D. Kinder purchased 400,000 shares of the company’s stock in a transaction dated Thursday, February 7th. The stock was acquired at an average price of $17.99 per share, with a total value of $7,196,000.00. Following the completion of the transaction, the insider now owns 236,177,613 shares of the company’s stock, valued at approximately $4,248,835,257.87. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 2,019,112 shares of company stock valued at $37,767,614. 14.16% of the stock is owned by company insiders.

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KMI has been the subject of a number of analyst reports. Mizuho initiated coverage on shares of Kinder Morgan in a research report on Wednesday, November 28th. They issued a “buy” rating and a $22.00 price target for the company. Wolfe Research downgraded shares of Kinder Morgan from a “market perform” rating to an “underperform” rating in a research report on Monday, November 26th. Zacks Investment Research downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Tuesday, November 13th. TheStreet upgraded shares of Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. Finally, Evercore ISI initiated coverage on shares of Kinder Morgan in a research report on Tuesday, February 5th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Kinder Morgan currently has a consensus rating of “Buy” and a consensus price target of $21.08.

The company has a market cap of $42.27 billion, a PE ratio of 22.18, a P/E/G ratio of 2.59 and a beta of 0.89. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Equities analysts anticipate that Kinder Morgan Inc will post 1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.05%. Kinder Morgan’s payout ratio is presently 89.89%.

Several hedge funds and other institutional investors have recently bought and sold shares of KMI. BlackRock Inc. grew its stake in shares of Kinder Morgan by 7.4% during the fourth quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock worth $2,100,249,000 after buying an additional 9,360,355 shares during the last quarter. Millennium Management LLC grew its stake in shares of Kinder Morgan by 1,169.3% during the fourth quarter. Millennium Management LLC now owns 9,022,925 shares of the pipeline company’s stock worth $138,773,000 after buying an additional 8,312,075 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Kinder Morgan by 1,497.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,112,727 shares of the pipeline company’s stock worth $462,000 after buying an additional 6,667,564 shares during the last quarter. Capital World Investors bought a new stake in shares of Kinder Morgan during the third quarter worth $103,969,000. Finally, Tortoise Capital Advisors L.L.C. grew its stake in shares of Kinder Morgan by 31.7% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock worth $365,721,000 after buying an additional 5,716,899 shares during the last quarter. 62.57% of the stock is currently owned by hedge funds and other institutional investors.

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About Kinder Morgan (NYSE:KMI)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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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