Jump Financial LLC Takes $4.57 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Jump Financial LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 166,700 shares of the pipeline company’s stock, valued at approximately $4,568,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional raised its position in shares of Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after purchasing an additional 354 shares in the last quarter. Sunflower Bank N.A. raised its stake in shares of Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 367 shares in the last quarter. Ignite Planners LLC increased its holdings in Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after buying an additional 372 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after buying an additional 385 shares in the last quarter. Finally, Bristlecone Advisors LLC grew its position in shares of Kinder Morgan by 2.6% in the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock worth $433,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.95 on Thursday. The stock has a market cap of $59.88 billion, a P/E ratio of 23.03, a P/E/G ratio of 3.08 and a beta of 0.72. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm’s 50-day simple moving average is $26.94 and its 200 day simple moving average is $26.84. Kinder Morgan, Inc. has a fifty-two week low of $17.66 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KMI. Royal Bank of Canada raised their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Mizuho lifted their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.64.

Insider Activity

In related news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,506,116 over the last 90 days. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Company Profile

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.