Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Dudley Capital Management LLC

Dudley Capital Management LLC increased its position in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,782 shares of the pipeline company’s stock after acquiring an additional 3,056 shares during the period. Dudley Capital Management LLC’s holdings in Kinder Morgan were worth $1,232,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Keynote Financial Services LLC purchased a new position in shares of Kinder Morgan in the third quarter valued at $211,000. Consolidated Planning Corp grew its stake in Kinder Morgan by 1.9% in the 3rd quarter. Consolidated Planning Corp now owns 294,584 shares of the pipeline company’s stock valued at $6,507,000 after acquiring an additional 5,473 shares during the last quarter. Jmac Enterprises LLC increased its holdings in Kinder Morgan by 4.8% during the 3rd quarter. Jmac Enterprises LLC now owns 17,500 shares of the pipeline company’s stock valued at $387,000 after acquiring an additional 800 shares in the last quarter. Principal Financial Group Inc. raised its position in Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after acquiring an additional 71,984 shares during the last quarter. Finally, Bridgewater Advisors Inc. lifted its holdings in shares of Kinder Morgan by 13.1% in the third quarter. Bridgewater Advisors Inc. now owns 15,661 shares of the pipeline company’s stock valued at $346,000 after purchasing an additional 1,813 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group lifted their price objective on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Stifel Nicolaus lifted their price objective on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Finally, 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. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.09.

View Our Latest Stock Report on Kinder Morgan

Kinder Morgan Price Performance

KMI opened at $26.41 on Friday. Kinder Morgan, Inc. has a 52-week low of $16.17 and a 52-week high of $26.58. The company has a 50 day moving average of $23.07 and a two-hundred day moving average of $21.08. The company has a market cap of $58.67 billion, a P/E ratio of 23.17, a P/E/G ratio of 3.05 and a beta of 0.91. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.35%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 710,992 shares of company stock worth $17,619,823 in the last 90 days. 12.81% of the stock is owned by company insiders.

Kinder Morgan Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMIFree Report).

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

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.