nVerses Capital LLC Acquires Shares of 3,400 Kinder Morgan, Inc. (NYSE:KMI)

nVerses Capital LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,400 shares of the pipeline company’s stock, valued at approximately $75,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new stake in Kinder Morgan during the first quarter valued at $30,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter valued at about $31,000. Strategic Financial Concepts LLC purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at about $31,000. Finally, Norwood Financial Corp acquired a new position in Kinder Morgan in the 1st quarter worth about $36,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares in the company, valued at $534,841.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the transaction, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,311 shares of company stock worth $3,121,891 in the last ninety days. 12.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on KMI. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. UBS Group upped their price objective on shares of Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Finally, Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.27.

Kinder Morgan Price Performance

KMI stock opened at $24.75 on Tuesday. Kinder Morgan, Inc. has a 1 year low of $15.91 and a 1 year high of $25.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The firm has a market capitalization of $54.92 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The business has a 50 day simple moving average of $22.19 and a 200-day simple moving average of $20.54.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company earned $0.25 earnings per share. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 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. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

About Kinder Morgan

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.