Jump Financial LLC Buys 5,853 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Jump Financial LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 12.2% in the 3rd quarter, Holdings Channel reports. The firm owned 54,000 shares of the pipeline company’s stock after buying an additional 5,853 shares during the period. Jump Financial LLC’s holdings in Kinder Morgan were worth $895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its position in shares of Kinder Morgan by 102,208.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after acquiring an additional 41,030,376 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Kinder Morgan by 2.7% during the second quarter. Geode Capital Management LLC now owns 38,270,219 shares of the pipeline company’s stock worth $657,104,000 after acquiring an additional 1,015,634 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Kinder Morgan by 1,352.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after acquiring an additional 34,269,435 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Kinder Morgan by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 29,782,171 shares of the pipeline company’s stock worth $491,133,000 after acquiring an additional 233,608 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Kinder Morgan by 8.9% during the fourth quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock worth $408,128,000 after acquiring an additional 1,846,231 shares during the last quarter. 62.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMI. StockNews.com upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Saturday. US Capital Advisors upgraded shares of Kinder Morgan from a “hold” rating to an “overweight” rating in a research report on Friday, November 17th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Hold” and an average price target of $20.50.

View Our Latest Analysis on KMI

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $17.63, for a total value of $881,500.00. Following the transaction, the vice president now owns 309,069 shares of the company’s stock, valued at approximately $5,448,886.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Kinder Morgan news, VP John W. Schlosser sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total transaction of $135,000.00. Following the sale, the vice president now owns 3,219 shares of the company’s stock, valued at approximately $57,942. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $17.63, for a total transaction of $881,500.00. Following the sale, the vice president now directly owns 309,069 shares in the company, valued at approximately $5,448,886.47. The disclosure for this sale can be found here. Insiders have sold a total of 87,500 shares of company stock valued at $1,543,000 in the last 90 days. Insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 0.1 %

NYSE:KMI opened at $16.69 on Wednesday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 0.35. The firm has a market cap of $37.10 billion, a P/E ratio of 15.60, a P/E/G ratio of 4.89 and a beta of 0.91. The firm has a 50-day simple moving average of $17.54 and a 200-day simple moving average of $17.20.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.16 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend is Tuesday, January 30th. Kinder Morgan’s payout ratio is currently 105.61%.

About Kinder Morgan

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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