Investors Buy Kinder Morgan (KMI) on Weakness

Investors bought shares of Kinder Morgan Inc (NYSE:KMI) on weakness during trading hours 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 analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of Kinder Morgan in a report on Tuesday, February 5th. They set an “outperform” rating for the company. Jefferies Financial Group raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. 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 upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday. Finally, ValuEngine upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $20.87.

The firm has a market capitalization of $44.08 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96. 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 earnings results on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. As a group, equities analysts expect that Kinder Morgan Inc will post 1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $0.80 annualized dividend and a yield of 4.03%. Kinder Morgan’s dividend payout ratio is 89.89%.

In related news, insider Richard D. Kinder purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, January 29th. The shares were bought at an average cost of $17.92 per share, for a total transaction of $896,000.00. Following the transaction, the insider now directly owns 235,262,353 shares of the company’s stock, valued at approximately $4,215,901,365.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard D. Kinder purchased 100,000 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was bought at an average price of $18.05 per share, for a total transaction of $1,805,000.00. Following the completion of the transaction, the chairman now directly owns 235,427,613 shares in the company, valued at $4,249,468,414.65. The disclosure for this purchase can be found here. Insiders acquired a total of 2,521,612 shares of company stock worth $47,637,339 over the last 90 days. Company insiders own 14.16% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. M&T Bank Corp grew its position in Kinder Morgan by 11.4% in the 4th quarter. M&T Bank Corp now owns 153,671 shares of the pipeline company’s stock worth $2,363,000 after purchasing an additional 15,724 shares during the last quarter. First Manhattan Co. boosted its position in shares of Kinder Morgan by 14.1% during the 4th quarter. First Manhattan Co. now owns 142,412 shares of the pipeline company’s stock valued at $2,190,000 after acquiring an additional 17,574 shares in the last quarter. Wesbanco Bank Inc. boosted its position in shares of Kinder Morgan by 12.6% during the 3rd quarter. Wesbanco Bank Inc. now owns 36,495 shares of the pipeline company’s stock valued at $647,000 after acquiring an additional 4,077 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Kinder Morgan by 4.2% during the 3rd quarter. Prudential Financial Inc. now owns 2,388,206 shares of the pipeline company’s stock valued at $42,343,000 after acquiring an additional 95,410 shares in the last quarter. Finally, Old Port Advisors acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at about $426,000. Institutional investors own 63.89% of the company’s stock.

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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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