Oregon Public Employees Retirement Fund Boosts Position in Kinder Morgan Inc (KMI)

Oregon Public Employees Retirement Fund boosted its position in shares of Kinder Morgan Inc (NYSE:KMI) by 1,497.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,112,727 shares of the pipeline company’s stock after acquiring an additional 6,667,564 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kinder Morgan were worth $462,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KMI. Intercontinental Wealth Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter worth about $28,000. Cornerstone Advisors Inc. increased its position in Kinder Morgan by 129.8% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after buying an additional 1,071 shares in the last quarter. Bedel Financial Consulting Inc. increased its position in Kinder Morgan by 573.6% in the fourth quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,692 shares in the last quarter. Avestar Capital LLC increased its position in Kinder Morgan by 83.5% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock worth $27,000 after buying an additional 985 shares in the last quarter. Finally, Spence Asset Management purchased a new stake in Kinder Morgan in the fourth quarter worth about $37,000. Institutional investors own 61.17% of the company’s stock.

In other Kinder Morgan news, Chairman Richard D. Kinder bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was purchased at an average price of $18.05 per share, for a total transaction of $1,805,000.00. Following the completion of the transaction, the chairman now owns 235,427,613 shares of the company’s stock, valued at approximately $4,249,468,414.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard D. Kinder purchased 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The shares were purchased at an average cost of $18.39 per share, with a total value of $3,678,000.00. Following the completion of the purchase, the chairman now owns 236,492,545 shares of the company’s stock, valued at approximately $4,349,097,902.55. The disclosure for this purchase can be found here. Insiders have purchased 900,000 shares of company stock valued at $16,321,500 in the last quarter. 14.16% of the stock is currently owned by company insiders.

A number of analysts have commented on KMI shares. TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. Jefferies Financial Group upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Mizuho started coverage on Kinder Morgan in a research report on Wednesday, November 28th. They issued a “buy” rating and a $22.00 price target for the company. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, October 24th. Finally, Argus restated a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a research report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Kinder Morgan presently has a consensus rating of “Buy” and a consensus price target of $21.08.

NYSE:KMI opened at $18.66 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.76 and a quick ratio of 0.98. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $18.67. The stock has a market cap of $40.77 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.41 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that Kinder Morgan Inc will post 1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, January 30th. Kinder Morgan’s dividend payout ratio is currently 89.89%.

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Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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