Richard D. Kinder Buys 175,000 Shares of Kinder Morgan Inc (KMI) Stock

Kinder Morgan Inc (NYSE:KMI) Chairman Richard D. Kinder purchased 175,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of $19.75 per share, for a total transaction of $3,456,250.00. Following the acquisition, the chairman now directly owns 239,069,693 shares in the company, valued at approximately $4,721,626,436.75. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of KMI stock opened at $19.81 on Wednesday. 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 Inc has a 1 year low of $14.62 and a 1 year high of $20.44. The firm has a market cap of $43.66 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.62 and a beta of 0.96.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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 business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, sell-side analysts expect that Kinder Morgan Inc will post 1.01 EPS for the current fiscal year.

KMI has been the topic of a number of research reports. Jefferies Financial Group raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. TheStreet raised shares of Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 16th. Argus reaffirmed a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a report on Tuesday, January 22nd. ValuEngine raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Evercore ISI assumed coverage on shares of Kinder Morgan in a report on Tuesday, February 5th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $21.32.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC grew its position in shares of Kinder Morgan by 0.6% during the 1st quarter. Capital Investment Advisors LLC now owns 92,693 shares of the pipeline company’s stock valued at $1,855,000 after purchasing an additional 543 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Kinder Morgan by 1.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,473 shares of the pipeline company’s stock valued at $499,000 after purchasing an additional 554 shares in the last quarter. We Are One Seven LLC grew its position in shares of Kinder Morgan by 5.2% during the 1st quarter. We Are One Seven LLC now owns 11,543 shares of the pipeline company’s stock valued at $230,000 after purchasing an additional 570 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in shares of Kinder Morgan by 5.9% during the 4th quarter. Exencial Wealth Advisors LLC now owns 12,428 shares of the pipeline company’s stock valued at $191,000 after purchasing an additional 690 shares in the last quarter. Finally, Ropes Wealth Advisors LLC grew its position in shares of Kinder Morgan by 4.3% during the 4th quarter. Ropes Wealth Advisors LLC now owns 17,490 shares of the pipeline company’s stock valued at $269,000 after purchasing an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 64.93% of the company’s stock.

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Kinder Morgan Company Profile

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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