Jaffetilchin Investment Partners LLC Buys New Stake in Kinder Morgan, Inc. (NYSE:KMI)

Jaffetilchin Investment Partners LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,956 shares of the pipeline company's stock, valued at approximately $750,000.

Several other hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter valued at $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan during the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC acquired a new stake in Kinder Morgan in the second quarter valued at $31,000. Finally, HM Payson & Co. boosted its stake in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,145 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Trading Down 0.3 %

Shares of NYSE:KMI traded down $0.09 on Tuesday, hitting $27.18. The company had a trading volume of 14,740,973 shares, compared to its average volume of 13,906,864. The firm's 50-day simple moving average is $23.39 and its two-hundred day simple moving average is $21.26. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $60.38 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 3.70 and a beta of 0.91. Kinder Morgan, Inc. has a 1 year low of $16.34 and a 1 year high of $27.58.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data 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 net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business posted $0.25 earnings per share. The firm's revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 100.88%.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, President Thomas A. Martin sold 19,121 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director C Park Shaper sold 690,142 shares of the business's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares of the company's stock, valued at $168,543,985.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.64% of the company's stock.

Analysts Set New Price Targets

KMI has been the subject of several recent research reports. The Goldman Sachs Group restated a "conviction-buy" rating on shares of Kinder Morgan in a report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a "buy" rating and a $27.00 target price on the stock. UBS Group lifted their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and an average price target of $25.09.

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.