Fractal Investments LLC Has $13.57 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Fractal Investments LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 23.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 614,468 shares of the pipeline company's stock after purchasing an additional 115,000 shares during the period. Kinder Morgan comprises approximately 2.3% of Fractal Investments LLC's holdings, making the stock its 11th biggest holding. Fractal Investments LLC's holdings in Kinder Morgan were worth $13,574,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan during the 3rd quarter valued at $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at $30,000. HWG Holdings LP bought a new position in shares of Kinder Morgan in the second quarter valued at about $30,000. Strategic Financial Concepts LLC acquired a new position in Kinder Morgan during the 2nd quarter worth about $31,000. Finally, HM Payson & Co. grew its holdings in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after acquiring an additional 1,145 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 2,241 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Amy W. Chronis purchased 2,241 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the business's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a "conviction-buy" rating on shares of Kinder Morgan in a research report on Friday, October 18th. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They set a "buy" rating and a $27.00 price objective on the stock. Barclays lifted their target price on Kinder Morgan from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 25th. Finally, Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research report on Friday, October 18th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.09.

Kinder Morgan Stock Up 6.6 %

Shares of Kinder Morgan stock traded up $1.63 during trading on Wednesday, reaching $26.34. The stock had a trading volume of 27,280,391 shares, compared to its average volume of 14,217,664. The stock has a fifty day moving average price of $23.07 and a two-hundred day moving average price of $21.08. Kinder Morgan, Inc. has a 52 week low of $16.17 and a 52 week high of $26.58. The company has a market capitalization of $58.52 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 3.05 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $4.05 billion. During the same period in the prior year, the business earned $0.25 earnings per share. Kinder Morgan's revenue was down 5.3% compared to the same quarter last year. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 dividend yield of 4.37%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's dividend payout ratio is currently 100.88%.

Kinder Morgan 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.